mkiker2089
Elio Addict
The ATVM based their decision after extensively reviewing Elio’s business plan...and their ability to repay the loan...
None of us on this forum will ever be privy to the financial information Elio presented to the ATVM...
Bottom line...it would be very hard to second guess the ATVM decision without scrutinizing Elio’s application...and Elio’s paperwork will never be public domain...
Not really, we can look for a pattern of rejections to similar companies. The ATVM program never really worked. I'm not sure it was meant to.
Then again many people still think Paul Elio was on Shark Tank and many other strange things. None of it matters now. The ATVM program failed because it had no clear guidelines and therefor no one really benefited from it. Thus we are stuck with the same majors in place and Detroit still losing out to Japan.
If they (US Government) want to help without investing in Elio they could put the same rebates towards high efficiency vehicles that they did for hybrids. Put a 1-2k grant towards purchases of any of the 3 wheelers coming out. No one need apply for a loan, no risk taken. It won't happen, but it would be nice.