This October, CODA Automotive, a privately held company that develops electric vehicles, offered consumers a rebate that it estimates to be the equivalent of one year’s worth of free vehicle recharging. The rebate of $552 comes with the purchase of Coda’s all electric 2012 CODA sedan.
CODA Automotive, based in Southern California, designs, manufactures, and sells all-electric vehicles and lithium-ion battery systems. Currently, all of CODA’s dealerships are located in California, but the company plans to expand its network in the next few months. CODA estimates that the cost to drive one of its vehicles will be approximately $552 per 10,000 miles.
“With gas prices this high in California, this is the perfect opportunity to spell out the extremely low operating costs electric vehicles have to consumers,” said Thomas Hausch, CODA senior vice president of sales, marketing and after sales. “When comparing vehicles, the total cost of ownership (TCO) is critical to consider, along with the purchase price, as it provides a comprehensive view of the bottom line. Once consumers review these factors and in turn discover the benefits of an EV including significantly lower maintenance costs, avoiding high gas prices completely, low electricity prices, access to the carpool lane, various tax incentives, and more going electric in today’s climate makes a lot of sense. It makes you think, when has cutting edge technology been more affordable than the ‘old school’ version it replaces soon after its introduction?”
The manufacturer’s suggested retail price for the 2012 CODA sedan is listed at $37,250, but tax incentives could save Californian consumers up to $7,500. Over 10,000 miles, the fuel cost to drive a gasoline- or diesel-powered vehicle is approximately $1,723 nationally, or more than $2,000 in California as opposed to the $552 charge for electricity.
With an 88-mile range, the 2012 CODA sedan has received a Best-in-class range rating from the Environmental Protection Agency. Credit: CODA Automotive.
The sedan, which has been tested by the Environmental Protection Agency (EPA), has been determined to boast an 88-mile range, second only to the range demonstrated by all-electric models from Tesla Motors. CODA claims that with good driving habits and weather, the vehicle’s range could extend up to 125 miles, nearly four times the average daily commute.
According to the EPA, the 2012 CODA achieves 73 miles per gallon equivalent (MPGe). During city driving, the vehicle achieves 77 MPGe, and on the expressway, the vehicle achieves slightly less, at 68 MPGe.
The CODA sedan is powered by an efficient Lithium-iron Phosphate (LiFePO4) battery pack with a 10-year, 100,000-mile limited battery warranty. The vehicle boasts a 6.6 kilowatt onboard charging capacity and can be fully charged in about six hours on 220 volts.