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USA: New electric car hits market: Coda starts at $37,250

The 2012 Coda electric sedan finally went on sale in California this week with a starting price of $37,250 plus $895 shipping. The pricing is a significant drop from earlier estimates of $44,900, though it’s still more expensive than the 2012 Nissan Leaf, which starts at $35,200.

The Coda qualifies for California’s $2,500 EV rebate and the federal government’s $7,500 tax credit.

The model now on sale is slightly smaller and less powerful than the one that Los Angeles-based Coda showed off originally, according to Consumer Reports.

For the price, you get an electric motor rated 134 horsepower and 221 pounds-feet of torque mated to a single-speed transmission. The electric motor is capable of an electronically limited 85 mph and can be charged in six hours with a 240-volt charger. The Coda also comes with a 7-inch touch-screen and GPS navigation standard.
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