Then the hard economic reality kicked in. Making cars is hard. It takes a huge amount of money, people, and time. And the regulatory hurdles are enormous.
Look at the up-start graveyard. Bricklin's Visionary Vehicles? Nowhere. Mahindra USA? Limbo at best.
Aptera is waiting for a federal loan which will probably never come.
So apparently is Carbon Motors, the purpose-built BMW diesel powered police vehicle. Carbon requested $310,000,000, but is still waiting a year later.
VPG, maker of a purpose built wheelchair accessible taxi vehicle, apparently got a $50,000,000 loan from DOE to produce a CNG version.