Save Big: Kandi COCO Approved for Federal Tax Credit
The Crayola colored Kandi COCO, an all electric, plug-in low speed vehicle that can be driven on streets with speed limits under 35 MPH, is receiving $4,435 in Federal tax credits, while the state of Oklahoma has kicked in an additional tax credit of 50% of the sales price, or $5,299. The Kandi COCO has a retail price of about $10,995, so if you buy one in Oklahoma before December 31, 2009, it can be yours for almost a steal – or about $865.00.
While you can’t drive it on the highway, and it doesn’t go over 45 miles per hour, it’s being compared to the smart fortwo in the states, which I find interesting since the only thing I can truly find comparable might be the size and the amount of time it takes to fully charge. The COCO goes 40-60 miles on one charge and takes about 5-6 hours to fully charge using a 110 volt.
There are some distinct advantageous though, as they’re no doubt great for people who own motor homes and want the flexibility of having a small car in tow. I think those who live in retirement communities might also find these little gems handy to scoot around in, too. They could probably be useful on college campuses, as well as film studios and practically anywhere transportation is needed in a smaller, less congested traffic area.
For less than the cost of a big screen TV, you can own a brand new set of wheels. Imagine a Kandi COCO under the Christmas tree this year – or not.
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Filed Under: Eco Friendly, General, LSV, electric cars, electric vehicles, ev, golf carts, smart, transportation |











