Kandi America, the U.S. subsidiary of Kandi Technologies Group Inc., an international automotive manufacturer, announced it has received approval from the Texas Commission on Environmental Quality (TCEQ) to offer a $2,500 rebate for buyers
purchasing each of its electric vehicle models – the K23 and K27.
Kandi recently announced its electric vehicles received the required clearance from the United States Environmental Protection Agency (EPA). Through this certification, Kandi’s EVs can officially enter into the U.S. market.
Johnny Tai, CEO of Kandi America said that they have made major progress towards their mission of making electric vehicles accessible for everyone. Accessibility starts with price, and we are proud to bring America’s most affordable EVs to market. The additional $2,500 rebate in Texas is a great incentive to encourage consumers to consider switching to an EV.
Through TCEQ’s Light-Duty Motor Vehicle Purchase or Lease Incentive Program (LDPLIP), eligible buyers in the state of Texas can apply for a $2,500 rebate when purchasing an EV. Only one rebate can be applied per Kandi vehicle and quantities are limited. Including the state incentive and $7,500 federal tax credit, buyers in Texas can own a Kandi EV for less than $8,000.
Kandi’s compact city driver, the K27, has an MSRP of $17,499. The combined $10,000 federal and state incentives reduce the price to just $7,499. The K23, Kandi’s SUV-style model, is regularly priced at $27,499, but eligible buyers can own one for only $17,499 with state and federal incentives.