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|Taylor Smith cuts the green ribbon for a new ZAP electric car dealership that opened today in Silicon Valley. San Carlos Mayor Tom Davis to his left and the Chamber of Commerce welcomed the new business and tried out the new electric cars, trucks, scooters, and mopeds from Bay Area electric vehicle manufacturer ZAP.|
Electric Green Showroom Sells New Electric Car, Truck, Scooter
The "Electric Green Showroom" at Hilts Auto opened in San Carlos today. The San Mateo County-based auto dealership specializes in practical, affordable electric transportation, including trucks, all-terrain vehicles, motor scooters, people movers and a new electric car now on sale from Bay Area electric car manufacturer ZAP (OTCBB: ZAAP).
San Mateo Mayor Tom Davis came out for the opening. Davis said he already owns a ZAP, an original 90's era ZAPPY electric scooter he and his grandchildren still use today. He expressed interest in the Zapino electric scooter and ZAP truck.
"The City of San Carlos is looking into getting hybrids, but something like this to go around town between parks and for use on city property has merit," said Davis.
The dealership will be selling the full line of ZAP electric products, which include the XEBRA electric car and ZAPINO electric scooter. ZAP calls the XEBRA a city-car design with speeds up to 40mph for congested Bay Area surface streets, ideal for shorter commutes, trips to the store as well as utility, commercial and industrial applications.
"There's a lot of interest in electric vehicles, but also a lot of unanswered questions," says Taylor Smith, General Manager of Hilts Auto's Electric Green Showroom. "Practical electric vehicles are here. And while they're not for everybody, most organizations, companies, public agencies and even individuals are in circumstances where they can save significant amounts of money by converting to electric vehicles."
The ZAP XEBRA truck is a small two-seater with a pick up bed for light hauling. The truck can use optional extra heavy-duty batteries to extend daily driving between charges. The electric truck and sedan can be fitted with a solar panel for charging during the day. Electric Green says per unit price for both the XEBRA sedan and truck is around $11,000, depending on options, dealer fees and taxes.
"Having more electric car dealerships will be important for ZAP and for the entire industry," said ZAP CEO Steve Schneider. "We have several customers in the Silicon Valley already as well as the potential for corporate and government fleet contracts that will benefit with the support of a local sales, parts and service center."
Electric Green Showroom visitors can test ride two types of electric scooters. The ZAPINO is classified as a moped and retails for $2995. While the ZAPPY3 PRO is a three-wheeled stand up people mover that may remind people of the Segway transporter. It retails for $900.
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP is co-developing advanced nanotech batteries with Advanced Battery Technologies in China. The Company recently launched a new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com .
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
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