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 $20,499 which drops down to $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 $17,499. After the $7,500 federal tax credit, that reduces the price to a mere $9,999.
For that money, shoppers get a compact EV with a small 17.69 kWh battery pack that is said to offer up 100 miles (160 km) of range.
Prices for the larger Kandi K23 have also been reduced. Originally announced with a starting price of $29,999, the carmaker has announced the first 1,000 units sold will be reduced to $27,499, a figure that drops to $19,999 with the federal tax credit.
Powering the K23 is a much larger 41.1 kWh battery that gives the EV up to 180 miles (290 km) of charge.
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While these discounts do reduce the prices of the K27 and K23 to under $10,000 and $20,000 respectively, it’s worth pointing out that shoppers are only eligible for the full $7,500 federal tax credit if they actually earn enough to pay $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.”