SANTA MONICA, CA - CODA Automotive, a California-based electric car and battery company, said it is now accepting deposits for its all-electric, four-door CODA Sedan. 

Consumers can now reserve a CODA with a fully refundable $499 deposit at www.codaautomotive.com. 

The all-electric CODA Sedan carries a price as low as $37,400 after federal tax savings of up to $7,500. The car will qualify for additional California state incentives, including up to a $5,000 tax rebate available through the state's Clean Vehicle Rebate Project, and HOV access through 2015. 

CODA also plans to begin selling vehicles in Hawaii in the third quarter of 2011, where the car will be eligible for a $4,500 tax rebate offered in the state.

CODA is finalizing the details of a program that is expected to offer consumers competitive leasing and financing options. The automaker expects that fleet sales may account for approximately 40 percent of total sales. Specific details will be announced later this year. 

"We are excited to begin offering our friends and neighbors a vehicle that meets their day-to-day driving needs, reduces their ownership costs and satisfies their desire to be better stewards of the environment," said Kevin Czinger, president and CEO of CODA Automotive.

CODA's initial flagship locations are planned for Santa Monica and the San Francisco Bay Area, with additional satellite stores located in high-traffic shopping centers throughout California. 

CODA is establishing six company-operated service centers to perform  warranty and battery system repairs. Scheduled maintenance may be performed at more than 20 select Firestone Complete Auto Care locations in California. 

Every CODA will come standard with 24/7 CODA Roadside Assistance and a call-center concierge service by a team equipped to perform remote diagnostic evaluations, schedule service appointments and mobilize emergency services in the event of an accident. In addition, CODA owners will receive a courtesy loan vehicle provided by Enterprise Rent-A-Car during warranty repairs or scheduled maintenance appointments.   

Powered by a 33.8 kWh, 333V lithium-ion (iron phosphate) electric car battery system, the CODA Sedan will achieve a range of 90-120 miles per charge. The electric vehicle will be backed by a three-year/36,000-mile limited warranty and a limited battery warranty of eight years/100,000 miles. 

The CODA features a 6.6 kW onboard charger, helping to facilitate a complete charge in about six hours from a 220V charger. Charging for a 40-mile commute can take as little as two hours. Based on average nighttime (off-peak) electricity rates in the U.S., the anticipated cost to fully charge the CODA Sedan is under $3, the automaker said. CODA will provide its customers with a home inspection and the equipment needed to ensure the appropriate in-home charging infrastructure is available and installed prior to delivery. 

A complete listing of features and technical specifications is available at www.codaautomotive.com