Member-only story
The Cheapest EV Is Here. But, Who Will Buy It?
Kandi K27 costs just $7500 after subsidies!
Electric vehicles (EVs) have gone beyond the exception and are fast becoming the norm. First, it was Tesla, but now every major car manufacturer is jumping the bandwagon. The long-term cost may be lower but upfront gas cars tend to be cheaper than electric. Now one company is going to change that. The Chinese firm Kandi is debuting its sensational low-cost electric car in the US. The cost? As low as $7500 after federal and state subsidies (price in California). Kandi created a lot of buzz in China when it launched its low-cost cars there this summer. Their entire inventory is pre-booked even before the launch. Will it create a similar buzz in the US? Or will it pale in comparison to Tesla and the upcoming avalanche of European EVs?
Who is Kandi?
Kandi Technologies is a Chinese battery and electric car manufacturer, headquartered in Jinhua, China. The company is launching its cars in the US in 2020 with its K23 and K27 models. Both of the models look like a tiny hatchback…
