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|With record oil and gas prices, ZAP Minnesota and Xebra Owner Gary Hoover had the only gas-free electric car and truck for sale at the Twin Cities Auto Show this week. ZAP (zapworld.com) sells a sedan and a truck through 50 dealers across the country.|
With gas and oil prices rising into record territory this week, ZAP (OTCBB: ZAAP) and its new dealer ZAP Minnesota have the only electric car at the Twin Cities Auto Show, which runs through March 16.
California electric car pioneer ZAP (http://www.zapworld.com) calls its Xebra (pronounced 'zebra') a "city-car" designed to expand the growing use of gas-free, electric vehicles for commuting, deliveries and fleet use in busy urban areas. The sedans and trucks range in price between about $11,000 and $12,000 and are designed to keep up with city-speed traffic up to 40 MPH. ZAP sells the city cars and trucks at more than 50 dealers across the United States.
"While many companies are talking about introducing electric cars, ZAP is putting electric cars and trucks into production today and selling them through car dealerships," said ZAP Minnesota Owner/Operator Carl Gulbronson. "These are not vaporware, no one will take these away from you and crush them, and qualified buyers can finance a ZAP for the price it costs to buy gas."
With US gas prices now averaging over $3.22 per gallon and oil prices rising over $109 a barrel, US consumers can save money using an electric car. Gas has even hit $5 per gallon in parts of California. The cost to run the ZAP adds up to two or three cents per mile compared to about ten cents or more for gas. The Xebra plugs into a household outlet for a full charge in 6-8 hours or a 50 percent charge in 1-2 hours. Plus, electric vehicles require less maintenance, including tune-ups, smog checks or oil changes. Electrics also reduce emissions by 90 percent.
Gary Hoover, who owns a Xebra and helped the ZAP Minnesota at the show, told KARE-TV News: "It's electric, so it's pretty nice to feel like I can drive by a gas station and I don't need to stop there."
The Twin Cities is the latest dealer location for California electric vehicle pioneer ZAP (www.zapworld.com). Since 1994, ZAP has been a pioneer for electric transportation, having delivered over 100,000 electric vehicles to customers in 75 countries. Publicly owned ZAP designed the Xebra to be an affordable, practical choice for consumers today facing record gas and oil prices. ZAP claims the Xebra is the only practical, affordable electric car design available in the world today.
The Xebra is available in the Twin Cities through ZAP Minnesota / Edina Bike & Sport. Come see the new ZAP electric vehicles at the Twin Cities Auto Show (www.twincitiesautoshow.com), Booth Number 238 and 239, at The Minneapolis Convention Center.
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 has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias in collaboration with Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit www.zapworld.com.
This press release contains forward-looking statements. 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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