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If President Obama signs the just-passed bill from Congress which mandates funding for the Department of Energy to fund three-wheeled vehicles like the Aptera 2e and Myers Motors NMG2 could be eligible for the same kind of loans Tesla Motors just received.

Read More: Congressional Bill Passes: DOE to Begin Funding 3-Wheeled Vehicles

Remember the “Electric car in every garage” that Myers Motors promoted earlier this year? Well, they’ve taken another step towards providing a realistic electric vehicle for the masses: the NMG² (a temporary name, more on that in a minute). This car seats two and has the same electric characteristics as its younger NMG cousin, but also some nice improvements.

Read More: Myers Motors Finally Reveals Their Latest NMG Electric 3-Wheeler

Right on the front page of their site, Myers Motors says that their goal is “Sub-$20,000 vehicles that are practical and affordable…” Pretty bold statement when you see that most highway-ready electrics with any range worth driving are triple and quadruple that amount (or more). So far, they’ve managed to bring the price point of their little electric to $29,995. They’re getting close.

Read More: The Myers Motors NmG: Visions of Electric Cars in Every Garage