Coda isn't flashy and it doesn't have much name recognition, but the California-based EV startup did make two major announcements at the LA Auto Show this week. First, and most importantly, the company announced that it would begin production of its flagship electric sedan, which hasn't sold any cars yet. Second, the company lowered the starting price of the car by $5,000 to $39,900. And yesterday, Coda announced that it will partner with GE Energy to sell and distribute the GE WattStation Wall Mount EV charging station.
Coda claims that its batteries have a range of 150 miles, and that it charges faster than the Nissan Leaf or Chevy Volt. The company also offers a 10-year, 100,000-mile warranty on its batteries. The announcement of the price cut therefore comes as welcome news, pricing it just below the 2012 Ford Focus Electric. “We dedicated this year to increasing efficiencies in order to bring down costs and as we go to market, we are committed to passing these savings on to our customers,” Coda Automotive CEO Phil Murtaugh said in a release.
We took a look at the Codas on display at the LA Auto Show this week, and while they leave something to be desired from a design standpoint, the technology is impressive. Initially, Coda sedans will only be available in California, where buyers will be eligible for a state rebate of $2,500 and federal tax savings of up to $7,500, which would bring the price down to $29,900.