Just a couple of weeks after Chinese
electric car manufacturer announced it will start selling the K23 and K27 in
the United States, the company has announced significant price cuts for the two
models Sitting at the base of the range is the Kandi K27. When first announced,
it had a starting price of US$ 20,499 which drops down to US$ 12,999 after the
federal tax credit. However, Kandi has revealed that the first 1,000 examples
sold will have their MSRP’s cut to US$ 17,499. After the US$ 7,500 federal tax
credit, that reduces the price to a mere US$ 9,999.
For that money, shoppers get a compact EV
with a small 17.69 kWh battery pack that is said to offer up 160 km of range. Prices for the larger Kandi K23 have also been reduced. Originally announced
with a starting price of US$ 29,999, the carmaker has announced the first 1,000
units sold will be reduced to US$ 27,499, a figure that drops to US$ 19,999 with the
federal tax credit.
Powering the K23 is a much larger 41.1 kWh
battery that gives the EV up to 290 km)of charge. While these
discounts do reduce the prices of the K27 and K23 to under US$ 10,000 and US$ 20,000
respectively, it’s worth pointing out that shoppers are only eligible for the
full US$ 7,500 federal tax credit if they actually earn enough to pay US$ 7,500 in
federal taxes.
In a statement discussing the K23 and K27
earlier this month, Kandi America chief executive Johnny Tai said, “Electric
vehicles have been valued for years for their efficiency, sustainability and
innovation. However, owning the ‘it’ car often eluded consumers who desired a
great EV alongside all the other comforts of modern living. Kandi changes that
and revolutionizes the EV-buying experience for many. At Kandi, we are on a
mission to make electric cars accessible for all. With these first two models,
we are starting an Auto EVolution that will allow anyone, regardless of their
financial status, to afford a reliable, high-tech EV.”
