China electric car manufacturer Kandi Technologies (KNDI) is announcing this morning that the US Dept of Treasury has approved its low speed, convertible electric vehicle for meeting the requirements of a Qualified Plug-In Electric Vehicles which gives purchasers of the vehicle a tax credit of $4,434.  It should be noted that this is only valid for this year, but the company is confident the certification will be extended to next year.

Said the CEO, “While … Read the rest