Kandi’s small K27 electric car is making its way to the west coast with a price of just $7,999 after incentives. The Chinese company announced the news after the K27 was approved for California roads.
The automaker released details of the first two cars to hit the market earlier this year. The Kandi K27 and K23 models are both four-door compact vehicles with the K27 showing slightly smaller than the K23. Before incentives, the K23 had an initial starting price of $29,999 while the K27 came to the market at $20,499.
However, the Chinese automaker realized these price points were too expensive for the US market. Kandi soon after adjusted the prices to $27,499 and $17,499 respectively. After the federal tax credit, it would bring the price down to $20,000 and $10,000. Kandi added that there is potential for a price increase as they described the price adjustments are only “for the launch.” The timeline for the increase is not clear at this point.
Johnny Tai, CEO of Kandi America, commented on the announcement: “California continues to lead the country in reduction of carbon emissions through the adoption of electric and hybrid vehicles – representing nearly 50 percent of sales across the U.S. – efforts of which should be largely applauded. This certification comes at a great time for Kandi America as the infrastructure put forth by state elected officials, including the Governor’s recent executive order banning sales of new gasoline- and diesel-powered cars and trucks by 2035, requires new quality, affordable products to enter the market quickly.”
Kandi is still expected to begin deliveries by the end of Q4 2020.