Archive - Aug 20, 2003

Date

ZAP Says Demand for Neighborhood Electric Cars Rising

SANTA ROSA, California (August 20, 2003) - Electric vehicle pioneer ZAP (OTC BB:ZAPZ) says that demand for smaller electric cars, known as Neighborhood Electric Vehicles (NEVs), is rising. ZAP recently began selling a new NEV from Italy that it calls the ZAP L.U.V.™ or Light Utility Vehicle. ZAP CEO Steve Schneider says that a majority of the first shipment is already sold and is working on getting more cars to fill the anticipated demand. "With high gas prices, we're pretty much telling our customers: 'You drive an S-U-V? Then you need an L-U-V to go along with it!" said Schneider. "Some people are hesitant about the small cars and need a little warming up to the idea, but after one test-ride, they literally fall in 'L.U.V.' with it."