Tax Credit Boosts EV Sales for Oklahoma Dealer

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Most powersports dealers focus on two-wheelers and ATVs, but Trinity Trikes & Customs in Moore, Okla., has branched out with low-speed electric four-wheelers.

Say hello to the Kandi COCO, a cute-as-a-button electric car that gets about 60 mpg and tops out around 25 mph.

Trinity owner John Lohman recently started stocking the vehicles, in time for buyers to get a state tax credit for efficient vehicles. The Oklahoma Tax Commission says the COCO will qualify for the state tax credit that reimburses taxpayers half the purchase price.

The credit brings the consumer cost for some low-speed electric vehicles down to about about $1,000 or less after applying state and federal tax credits, The Oklahoman reported.

Andy Campbell, Trinity Trikes & Customs’ general manager, told the newspaper the Kandi COCO will help balance slow motorcycle sales in winter months. The dealer sells about 10 a week, most to RVers.

"We don’t want to sell anything that’s going to degrade our bread-and-butter business,” he said.

Posted by Holly Wagner