Coda Prices EV at $32,400 After Incentives

Coda Automotive, a California-based company that is importing electric vehicles (EV) from China, announced Tuesday that the vehicles will go on sale for $44,900 before federal and state incentives–$32,400 after incentives.

Buyers will be eligible for the $7,500 federal consumer tax credit and a $5,000 cash rebate from California.

Coda will initially sell the vehicles only in California, beginning
in December 2010, through the end of 2011. Then the company plans to
expand into the Northwest in 2012, and an additional 20 markets
nationwide in 2013. Buyers can begin reserving vehicles on the companies website with a $499 deposit.

The Coda’s base price will be more expensive than GM’s Chevrolet Volt, which will is priced at $41,000–before the federal tax credit. However, the Volt has not yet qualified for the California cash rebate. (Qualification is expected by mid 2012, according to a Reuters report)

The Coda will also be more expensive than Nissan’s LEAF, which will sell for just under $33,000–before incentives.

Coda says its four-door, all-electric sedan is capable of up to 120 miles on a single battery charge. The vehicle comes with 24-hour roadside assistance and a three-year/36,000 mile limited warranty and a limited battery warranty of eight-years/100,000 miles.

GM offers an eight-year/100,000-mile warranty on the lithium-ion battery in the Volt.

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