CODA Automotive, a startup electric car company in Santa Monica, will price its all-electric sedan at $44,900 before federal and state tax incentives.
With a federal tax credit worth up to $7,500 for the CODA Electric Sedan, the price drops to $37,400.
The CODA Electric Sedan is considerably larger than the electric Nissan Leaf, which is expected to sell for $32,780. Both cars, however, will qualify for a federal tax credit and there are several states offering additional tax credits that could lower the cost of owning a CODA EV even more.
CODA said Tuesday that it will start taking $499 refundable deposits for its four-door, five-passenger sedan this week and will begin delivering the cars in December.
CODA plans to offer a three-year or 36,000-mile warranty on the vehicle and a battery warranty of eight-years or 100,000 miles.
CODA claims its electric sedan can travel 120 miles on a single charge powered by the 33.8 kWh Lithium iron phosphate (LiFePO4) battery pack.
The CODA Electric Sedan will be available in California later this year and Hawaii in 2011.