As Oil Prices Pass $70, ZAP Electric Vehicles Zoom

SANTA ROSA, Calif.--Sales for electric vehicles from ZAP (OTCBB:ZAAP) are taking off faster than predicted. Initial supplies of the ZAPPY3 and Zapino scooters have now sold out and ZAP estimates a 4-week waiting list.

"We have increased our orders and the new shipments are expected by the end of July," said ZAP CEO Steve Schneider.

With gas reaching an all-time high in June, ZAP an alternative transportation company based in Santa Rosa, California says interest for all of its electric vehicles have increased beyond their expectations. The Zapino, a new motorbike design introduced last month, sold out in just over two weeks. Likewise, ZAP's ZAPPY3 line of personal electric transporters sold out during one of the busiest buying seasons of the year.

"The price of fossil fuels is one of the most important reasons why ZAP exists — to provide alternatives," said Schneider. "As we celebrate Independence Day, I think we should revisit the idea of energy independence that can be so important to the U.S. economy. EVs can even help with your own personal finance."

Schneider noted that electric vehicles typically cost a fraction of gas vehicles. ZAP's electric XEBRAs cost between one and three cents a mile, compared to more than 20 cents a mile for conventional automobiles.

Schneider cited recent reports that more than 60 percent of the oil used in the USA is now imported. In the USA, about 25 barrels of oil per person are consumed each year, and 15 of those barrels are imported. At an average cost of $70 per barrel, the imported oil costs more than $1,000 per person per year. The U.S. has just three percent of the known world oil reserves, yet we use 25 percent of the world's oil.

"In order to end our country's addiction to oil and combat global warming, we must focus on real solutions like increasing vehicle fuel efficiency and increasing our use of electric cars," said Schneider.

ZAP is working to create an online advance order system. To place an order, visit http://www.zapworld.com.

About ZAP

ZAP has been a leader in advanced transportation technologies since 1994, delivering over 90,000 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. 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.