Written by Megan Treacy on 16/12/09
If you live in Oklahoma, you have until December 31, 2009 to buy an electric car for about $900. Through a combination of federal and state tax credits, the Kandi Coco drops from its retail price of $10,600 to a cool $865. The federal tax credit amounts to $4,435 while the state is offering a 50 percent tax credit.
Well, now let's get down to what you get for your $900. The Coco is a neighborhood electric vehicle, and trust us, you won't be leaving your neighborhood in it. The maximum speed it can reach is 25 mph. But if you've ever considered buying a golf cart for getting around, this is a much sweeter option, and with the tax credits, actually cheaper. It charges in six to seven hours, has an AM/FM radio and comes in yellow, red, blue and black.
So, while the market for such a car is limited, and the market for such a car in Oklahoma is even more limited, those who do fall into that demographic have the chance to score a pretty sweet deal.