Quote:
Originally Posted by BillyBob251
Hi, I'm an ecomodding newbie but have lurked here for quite a while. Sorry for not reading the whole thread on this topic, but the thing I heard about Elio was that they had hoped to get the same government funding that Fisker got (but then Fisker was unable to stay in business), but whichever U.S. gov't department or agency this was, they never gave Elio the funding they were hoping for. And that was why the car never went into production, because they were counting on this government money (I assume it would have been at least tens of millions.) Sounds like a poor business model to me. Apologies if this has already been covered in the thread.
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Elio never got off the ground because they promised to sell cars for less than they would cost to build. Anyone with any manufacturing background looked at their business plan and just laughed.
They were promising to sell a low volume fully enclosed car for less than the cost of a basic utility vehicle.