For $865, you can buy a Chinese car in America.
As the small print says, not all buyers will qualify. You have to live in Oklahoma, where the state government -- not previously known as a hotbed of socialism, but apparently an enthusiastic promoter of local enterprise -- is subsidizing half the sales price. If you buy from Kandidirect.com of Oklahoma City, that cuts $5,299 from the price of $10,599. Federal subsidies kick in another $4,435, for a final price of $865.
What you get for your money is the Kandi Coco, a neighborhood electric vehicle with a top speed of 25 mph that can be driven only on streets with a speed limit of 35 mph or below -- plus a warranty good for 1 year or 5,000 miles, whichever comes first.
The subsidies expire Dec. 31 -- so move to Oklahoma and act now.