Still not much joy to be found in going the electric route, if you’re making them, that is. Yet another EV jaunt has fallen by the wayside in the US – Coda Automotive, which only sold around 100 units of its electric sedan when the vehicle entered the market last year, has filed for bankruptcy.
Reports indicate that Coda’s parent company is looking to sell off its automotive-based assets for around US$25 million and exit the auto business, focusing on energy storage.
The situation isn’t that much better elsewhere – Fisker Automotive, for example, is also ailing. And, battery suppliers have fared no better as a result – A123 Systems, the supplier of the lithium-ion battery for the Fisker Karma, went bankrupt last year.
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Gloomy outlook for new EV players. Only big players can manufacture EVs cost-effectively.
Not really, as in, no one can manufacture EV cost effectively. The entire system is just too darn expensive compared to the motor variant.
its freaking ugly for a 2012 car.. of course people wont buy it.. plus Coda? what kind of name is that? sound like Skoda
looks like 1st gen kia rio
The battery itself is too expensive. And then there is safety and environmental concern to the electric motor and comes the disposal and end of life time.
Better stick with combustion power.
The battery itself is too expensive, running cost is high sans paying for gas, and charging station is still scarce. And then there is safety and environmental concern to the electric motor and comes the disposal and end of life time. Plus range anxiety.
Better stick with combustion power.
The battery itself is too expensive, running cost is high sans paying for gas, and charging station is still scarce. And then there is safety and environmental concern to the electric motor comes the disposal and end of life time. Plus range anxiety.
Better stick with combustion power.
Is anyone surprised by the news? The cost of owning the car does not justify the price tag. Unless if someone discover a safer, more reliable, higher energy-density and cheaper battery, efficient engine technology is way of the future, not EV.
it is simple. Giant oil company will not allow this company to grow.