Remember that Miles Electric sedan we heard about last month? Yeah, well it's coming to California's shores next year. An all new car company, doing business under the name of Coda Automotive, has just been formed in order to bring said vehicle into production. The all-electric, four-door Coda won't break down any walls in the design department, but the $45,000 (mid-$30,000s after a $7,500 Federal tax credit and additional state incentives) whip sure sounds promising as an eco-friendly daily driver. Reportedly, it'll cruise for around 90 to 120 miles without needing a recharge, and the batteries within can be charged enough for a 40-mile commute in two hours. It'll also ship with a navigation system, Bluetooth, iPod support and power everything as standard, but sadly, there's no telling when it'll be sold outside of the The Golden State. Video promo is after the break.