In addition to the original CODA sedan, offering up to a 150-mile range with a MSRP of $39,900, the new 31kWh battery option will provide a driving range of up to 125 miles and will be available at a lower base MSRP of $37,250.
After federal tax savings, the base price will be $29,750, and will qualify for additional state tax credits, including a maximum of $2,500 in California and up to $7,500 in 12 other states.
The company developed this option for the launch of its first vehicle to accelerate the adoption of electric vehicles in 2012.
Coda announced in November it was beginning production of the Coda sedan. Deliveries of the car are set to begin next month.