COCO Car Tax Credits Make the Electric Car Virtually Free to Consumers

Kandi Coco Low Speed EV

LYNWOOD, Wash., Dec. 15, 2009 -- The Federal Government instituted the Stimulus Act which carries a provision that allows the Kandi COCO, a Qualified Plug-In Electric Vehicle, to receive $4,435 in Federal tax credits under the provisions of IRC 30D. To further "sweeten the deal," the state of Oklahoma has added an additional tax credit of 50% of the sales price, which can be found in Section 2357.22 of Title 68 of the Oklahoma Statutes. That puts Solus International Corporation, the exclusive distributor for the Kandi COCO, in a position with its dealers to offer a 100% fully electric vehicle to consumers for up to $11,000 in combined tax credits.

On December 31, 2009 the Federal and State tax credits are set to expire. Oklahoma residents have the opportunity to take advantage of the full tax credits only through December 31st, allowing them to make an impact on the environment at virtually no cost.

Solus International Corporation, Head of Dealer Development Robert Chaldekas states, "We are delighted that both the State and Federal governments recognize the value and importance of driving green. We encourage the residents of Oklahoma to take advantage of the tax credits before the year ends. It is our sincerest hope that every driver in America will join us in our mission of rethinking the way we drive."

To support the company's mission from now until December 31st, dealerships in Oklahoma City and Tulsa (GKU Electric Vehicles) and Moore (Trinity Trikes) will be offering consumers educational opportunities to learn the benefits and incentives of driving electric vehicles.

For more information on the educational opportunities regarding the Kandi COCO or the tax credits being offered to Oklahoma residents, visit www.kandiusa.com or for specific dealer locations visit www.kandidirect.com, www.trinitytrikes.com or www.rustywallismotors.com.