Coda, a California-based company with operations in China, is said to be using a Chinese partner to produce the $44,900 sedan and provide battery technology for it. An American partner will reportedly supply the drive system.
Coda is said to be looking for about $12,500 in federal and state tax subsidies to bring the cost of the vehicle down.
Tesla Motors’ $35,000, 200-mile electric car may not revolutionize the auto industry by itself, but it could serve as a starting point for a long, steady climb to a day when half of the world’s vehicles will be plug-ins.
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