Coverage Initiated on ZAP by MDB Capital Group

NEW YORK --(November 14, 2008)-- MDB Capital Group has initiated coverage of electric car company ZAP (OTCBB:ZAAP - News) on Monday, November 10th with a Buy rating and a price target of $1.75 (Businesswire, Monday, Nov 10).

The report entitled “The Green Car Report” is now available at http://www.mdb.com.

About ZAP

ZAP has been a leader in electric transportation since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. ZAP manufactures a line of electric vehicles, including electric city-cars and trucks, motorcycles, scooters, bicycles, and ATVs. ZAP sells some of the only electric city-cars and trucks in production today and is developing a high-performance electric vehicle called the ZAP Alias. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. For product, dealer and investor information, visit http://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.

Contact:

ZAP
Philip Mickelson, 707-525-8658 ext. 207
Investor Relations
investor@zapworld.com

Alex Campbell, 707-525-8658 ext. 241
Media Relations
acampbell@zapworld.com