The other day, I took a spin around your nation’s capital in what is being touted as the first affordable electric car that will find its way onto America’s roads.
Not, it’s not the Chevy Volt, the Nissan Leaf, an import from BYD or Tata or a down-scaled Tesla. It’s the Coda, the product of a southern California startup with an unusual business model and some big-name investors.
My chauffeur was Kevin Czinger, Coda’s hard-charging CEO (no pun intended), about whom more in a moment. Czinger wants to build Coda Automotive into an American car maker that looks more like Apple or Dell than GM, Ford or Chrysler.
Coda’s impressive array of backers includes Hank Paulson, the former treasury secretary and CEO of Goldman Sachs; Thomas “Mack” McLarty, Bill Clinton’s former chief of staff, whose family owns auto dealerships; John Bryson, the former CEO of Edison International; and Tom Steyer, the well-respected founder of Farallon Capital Management. [click to continue…]