Ride of the Future? – ABC News Chief Washington Correspondent George Stephanopoulos Calls Coda EV the American Answer to Japanese Prius

June 10, 2009 at 7:20 pm

(Source: ABC News & Autobloggreen)

I had an opportunity to take a ride today in a new electric car that has perhaps one of the best shots at being the U.S. answer to Japan’s popular Toyota Prius.

Image Courtesy: Autobloggreen

Designed by Santa Monica, California-based Coda Automotive, the four-door sedan isn’t powered by gas. The electric battery can plug into any standard AC outlet.

Coda says a 40-mile commute takes about 2 hours to charge.

Right now, the car and it’s battery are manufactured in China. But the company has applied for tens of millions of dollars worth of stimulus funding through the Department of Energy to build an electric battery plant in a factory in Enfield, Connecticut to fuel it’s vehicles.

“The U.S. has zero,  absolutely no mass battery manufacturing in the United States.  So we’re going to China where they can mass produce the batteries to get these cars to market in the U.S. fast until we can get these produced here” said Kevin Czinger, president and CEO of Coda Automotive.

Coda plans to partner with aerospace battery designer Connecticut-based Yardney Technical Products to create and mass produce the first U.S. electric car battery.

The company says the plant could employ 600 people at first, and then possibly grow. Beginning next June, Coda plans to have the capacity to build 2,700 cars and 20,000 a year in 2011. By comparison, Toyota sold about 159,000second-generation Toyota Prius hybrid cars last year in the U.S.  The price tag? $45,000 — but buyers could receive a federal tax credit worth $7,500 and other state incentives that Coda says could drive the price down to $32,500.

Image Courtesy: Autobloggreen

Click here to see more hi-res pictures of the Coda sedan.