Archive - Jul 4, 2007

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As Oil Prices Pass $70, ZAP Electric Vehicles Zoom

Submitted by zapworld on Wed, 07/04/2007 - 20:00.
SANTA ROSA, Calif. -- Sales for electric vehicles from ZAP (OTCBB:ZAAP - News) 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.