In a bid to meet more stringent upcoming emissions regulations and growing environmental concerns, most automakers are turning to electric vehicles. But battery technology is proving to be prohibitively expensive, pricing EVs well out of reach of the average buyer. However, for those residing in the state Oklahoma, federal and state tax credits can put an EV in your driveway for a mere $865.
The "neighborhood electric vehicle" (for use in gated communities) is basically a glorified golf cart, but does qualify for federal and state tax credits due to its electric drivetrain.
The Kando Coco retails for $10,599, but is eligible for a federal tax credit of $4,435. Throw in a 50 per cent state tax credit for electric vehicles – worth $5,299 in this case – and Oklahoma residents can purchase a brand new Kandi Coco for just $865 (AUD$975).
The Kandi Coco features four-wheel disc brakes, independent suspension, single CD tuner and a fully automatic transmission with reverse. Top speed? 40km/h.