CODA Automotive Collapses

Coda Automotive Logo

Our friends over at The Auto Channel have written on the end of CODA Automotive. Executive Vice President Marc Rauch stated:

“…CODA’s failure wasn’t due to its lack of sizzle; its demise is due to the artificial nature of the entire electric passenger vehicle market. Electric cars will, one day, represent an important and significant part of our transportation landscape, and it will represent a viable alternative to fossil fuel-powered cars. But that day is decades away… perhaps as long as nearly a century in the future.”

Check out the entire CODA Automotive article on The Auto Channel.