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.
The end may not yet be near, but recent statements by two of the world’s biggest automakers point to the fact that the industry has begun to plan for a dramatic decline in vehicles that are powered solely by internal combustion engines.
At the recent Autodesk Accelerate event in Boston, the director of product development for a niche hypercar firm replied "no, no, no" to three answers he got for what makes a car go faster. What was the right response?
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