When last we left the company behind the inflatable car concept, we were questioning whether or not they are full of hot air. Now, with the recent loan refusal from the Department of Energy’s Advanced Technology Vehicles Manufacturing program (ATVMP), it appears we aren’t alone in our skepticism. XP Vehicles received the bad news the other night and are, as one might expect from a team that has spent $3 million in “cash and person hours” developing a concept they strongly believe in, “extremely disappointed”. According to frustrated XPV, they applied for the funds last November and were never contacted for any additional information. The main reasons said to be given for the refusal were, “…the fact that our vehicles do not use E85 gasoline and that we are not making millions of cars.”
Being the “scrappy and determined” folks they are, the company has not taken the decision lying down and have not only issued a press release expressing their frustration, but have also
wisely posted a lengthy castigation of the decision, complete with not-so-thinly-veiled accusations of conspiracy and incompetence, on their website. Of course, it will take more than that to have the DOE reassess their application and so they are enlisting the aid of their “many thousands of supporters and interested stakeholders” and their Washington lobbyist to convince law makers and others that their application deserves reconsideration. Hit the jump for the press release as well as the form letter that you can send to your political representative on their behalf.
[Source: XP Vehicles]
XP Vehicles refused DOE loan, invites you to take action! originally appeared on Autoblog Green on Sat, 29 Aug 2009 18:32:00 EST. Please see our terms for use of feeds.