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Screenshot of the key graph from the article:

  • @Subtracty
    3•16 days ago

    Is this a matter of companies making it through a vetting proccess before they are given the loan? What is the hold up?

    • @astropenguin5
      5•16 days ago

      Yea from the article it’s pretty much just that it’s hard to go through the process of getting approved to get the loan and proving that it’s worthwhile to the government.

      “One hang-up has been a requirement that companies get funding from private investors before the loans can go out. The program’s rigorous due-diligence process, higher interest rates and slowing growth in electric-car sales have made it harder to get deals done.”