Coda Holdings has begun production of its all-electric sedan, which will sell for $39,900 before subsidies and can go up to 150 miles on a charge, the company said today.
The Coda sedan will be available in California as a 2012 year model. Buyers can receive a $7,500 federal tax credit and a California rebate for $2,500. Together, the subsides bring the price down to $29,900.
The car itself looks like a typical five-seat sedan, but Coda is trying to distinguish itself from other electric vehicles with its battery system. The company had originally planned to … Read more