Electric Car Targets Sensible Folk

Mon, 06/08/2009 - 7:42am

Editor's Note: The more choice and competition there is in the electric-car game, the better it is for everyone. 

(CNET News) - You could call electric car company Coda Automotive the anti-Tesla. The company, formed by fleet vehicle provider Miles Electric, on Wednesday unveiled the Coda, a plain-looking electric car that's designed for everyday use.

The highway-capable four-door sedan can go between 90 and 120 miles on its lithium ion battery pack. It will be available to consumers in California in the fall of 2010 at a price of $45,000. The cost can be offset by about $10,000 from a federal tax credit and state incentives, the company said.

Coda is marketing the car as a way to kick the oil habit without having to buy a racy Tesla Roadster for $100,000. "It's a practical revolution for real drivers who need reliable transportation," said Coda Automotive CEO Kevin Czinger in a statement.

The company also announced that it has created a joint venture with Chinese cell manufacturer Tianjin Lishen Battery, which is 60 percent owner, to make batteries for cars and utility power storage. That long-term agreement will allow Coda to have sufficient battery supply, Czinger said.

State-owned Chinese company Hafei is Coda Automotive's chassis manufacturing partner. Coda Automotive designs and markets the cars.

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