(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.

(Source: New York Times)

China wants to raise its annual production capacity to 500,000 hybrid or all-electric cars and buses by the end of 2011, from 2,100 last year, government officials and Chinese auto executives said. By comparison, CSM Worldwide, a consulting firm that does forecasts for automakers, predicts that Japan and South Korea together will be producing 1.1 million hybrid or all-electric light vehicles by then and North America will be making 267,000.

TIANJIN, China — Chinese leaders have adopted a plan aimed at turning the country into one of the leading producers of hybrid and all-electric vehicles within three years, and making it the world leader in electric cars and buses after that.

Premier Wen Jiabao highlighted the importance of electric cars two years ago with his unlikely choice to become minister of science and technology: Wan Gang, a Shanghai-born former Audi auto engineer in Germany who later became the chief scientist for the Chinese government’s research panel on electric vehicles.

Beyond manufacturing, taxi fleets and local government agencies in 13 Chinese cities are being offered subsidies of up to $8,800 for each hybrid or all-electric vehicle they purchase. The state electricity grid has been ordered to set up electric car charging stations in Beijing, Shanghai and Tianjin.