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|ZAP Chairman Gary Starr built his first electric car in 1974 as a student at UC Davis. Starr says Asia's demand for oil will double by 2030 and the time is now for more electric transportation.|
Gary Starr, Chairman for electric car pioneer ZAP (OTCBB: ZAAP) said the time is now for electric cars in an online presentation with InvestorIdeas.com as part of its Green Tech Conference.
Starr's presentation from last week's Green Tech Conference covers the latest developments with ZAP is now available online at www.investorideas.com/Forums/Media/Green2/zaap/default.aspx.
Starr talks about today's market conditions and how electric vehicles can help deal with the energy crisis, the economy and the environment. He also talks about the growing dilemma and opportunity represented by what he calls the "Asia Factor."
Starr co-founded ZAP in 1994. With over 100,000 electric cars, scooters, bicycles, ATVs and more delivered under his direction, Starr is a leading authority in electric transportation. He built his first electric car as a UC Davis undergraduate in 1974 during the OPEC Oil Embargo when people had to wait in line to fill up with gas. He was frustrated by the fuel shortage and asked one of the professors about electric cars. He was told that electric cars could not go fast enough, far enough and were too expensive. A few months later, Starr built his first electric car with mostly junk and surplus parts. The converted dune buggy went 50 MPH, had a range per charge of 50 miles and cost about $2,500 to make.
Starr eventually pursued a career in alternative energy and transportation. He was the founder for US Electricar's electric vehicle operations in 1983. He has written several publications including: "Electric Cars: Your Guide to Clean Motoring," "The Shocking Truth of Electric Cars," and "The True Cost of Oil." In 1993, Starr was selected by Automotive News as one of the top ten most influential people in the electric car industry. Mr. Starr has a Bachelor of Science Degree in Environmental Consulting and Advocacy.
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.
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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