Kandi America’s Electric Vehicles Eligible for $2,500 Rebate in Texas
Texas Commission on Environmental Quality
approves America’s most affordable EVs
Kandi America, the U.S. subsidiary of Kandi Technologies Group
Inc. (NASDAQ GS: KNDI), an international automotive manufacturer,
today 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
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Kandi America is approved by the Texas
Commission on Environmental Quality (TCEQ) to offer a $2,500 rebate
for buyers purchasing its electric vehicles. (Photo: Business
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.
“We have made major progress towards our mission of making
electric vehicles accessible for everyone,” said Johnny Tai, CEO of
Kandi America. “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.
To learn more and place a pre-order with a $100 fully refundable
deposit, visit KandiAmerica.com.
Additional information on Texas LDPLIP rebates can be found on
the TCEQ website.
Prospective dealers looking to gain additional information on
how to become a Kandi America partner, including a pricing sheet
which details manufacturer incentives, can visit
About Kandi America
SC Autosports, LLC is the U.S. subsidiary of Kandi Technologies
Group, Inc. (NASDAQ GS:KNDI), doing business under the name “Kandi
America.” Headquartered in Garland, Texas, Kandi America is
primarily engaged in the wholesale of off-road vehicle products and
distribution of electric vehicles. Since 2008, Kandi Technologies
has been publicly traded on the Nasdaq Stock Exchange under the
symbol KNDI. Kandi Technologies acquired SC Autosports in 2018 to
be its exclusive U.S. distributor. For more information, visit
Safe Harbor Statement
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"forward-looking statements." All statements other than statements
of historical fact included herein are "forward-looking
statements." These forward-looking statements are often identified
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and uncertainties. Although the Company believes that the
expectations reflected in these forward-looking statements are
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and these expectations may prove to be incorrect. You should not
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speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including the risk factors discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on the SEC's website (http://www.sec.gov).
All forward-looking statements attributable to the Company or
persons acting on its behalf are expressly qualified in their
entirety by these risk factors. Other than as required under the
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update these forward-looking statements.
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