Tag: ATVM loan

By on August 13, 2016

For the past few years, startup Elio Motors has said that the “target price” of their enclosed tandem three wheeler was $6,800. As the company and their vendors finalize the design of the production vehicle and seek financing for that production, Elio has announced a “locked in” base price of $7,300, though that price for now only applies to the first 65,000 reservation holders (and it appear that those who already have placed reservations may pay as little as $7,000).

Since more than 56,000 people have already put down reservations for the Elio trike, if you want to buy an Elio and lock in that $7,300 price, there are fewer than 9,000 slots remaining. There was no word on what the price will be after the first 65,000 are reserved.

The pricing announcement is tied to the company’s still active application for a $185 million loan from U.S. Department of Energy’s Advanced Technology Vehicles Manufacturing program. (Read More…)

By on January 18, 2015

IMG_00181

While there has been ample skepticism of the Elio Motors enterprise, I’ve personally been one of the more optimistic, or at least less skeptical voices concerning the project. All along, though, I’ve said that there were benchmarks that had to be met, like  progress on the IVL led Elio engine development program and the beginning of hiring in earnest for Elio’s facility in the former General Motors plant in Shreveport, LA, and that the time for skepticism would begin if and when those benchmarks weren’t met. Elio isn’t trying for a moonshot, just a 1,200 lb 55 horsepower reverse trike using mostly proven components, so whatever barriers to getting the enterprise off of the ground are mostly financial, not technological. Now, it seems that Elio will be missing one of those benchmarks, or at least moving the goalposts, as it scrambles to put together the almost quarter billion dollars Paul Elio says he needs to start production. (Read More…)

Recent Comments

  • NigelShiftright: “Boat on the water, hot tub on land? Now you’re talking.” Someone else was there first....
  • Lie2me: If all the stupid stuff going on in politics is on purpose we’re in bigger trouble then I thought
  • NigelShiftright: Needs a bumper sticker which says “I Don’t Know What To Do With My Money”....
  • ABankThatMakesCars: Paul Elio filing lawsuit in 10, 9, 8, 7….
  • 28-Cars-Later: It will be kept going artificially if its not already an artificial shortage. Thank the 40% or so who...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber