ZAP News

WASHINGTON, DC(February 18, 2009) -- Officials from ZAP (OTCBB: ZAAP) say the Stimulus Act signed into law by President Barack Obama yesterday carries a provision in which buyers of its electric cars and trucks can receive a 10 percent tax credit up to $2,500.

The plug-in tax credit in the Stimulus Act can be applied for on vehicles purchased starting today. The tax credit applies towards ZAP's Xebra sedan (MSRP $11,700) and truck (MSRP $12,500) as well as its new low-speed vehicles, the ZAP Shuttle (MSRP $14,700) and ZAP XL Truck (MSRP $14,500).

SANTA ROSA, CA (Feb 11, 2009) -- Prospective electric car dealers for ZAP (OTC BB:ZAAP) will be among the first to see a running Alias prototype at its headquarters on February 20 during a monthly sales and service training.

SANTA ROSA, CA (Feb 4, 2009) -- US electric vehicle developers like ZAP (OTC BB:ZAAP.OB) of Santa Rosa, California, are asking Americans to join in supporting a new bill that would give more tax credits to more kinds of electric vehicles.

The new legislation, S271, would increase the number of plug-in vehicles able to receive the tax credits from 250,000 to 500,000. The tax credits would expand beyond conventional four-wheel automobiles to include three-wheel and two-wheel vehicles, as well as low-speed neighborhood electric cars. Electric vehicles like ZAP's Alias and others would receive a tax credit equal to a percentage of the purchase price up to $4,000.

SANTA ROSA, CA (Feb 2, 2009) -- The Alias electric car from industry pioneer ZAP (OTC BB:ZAAP.OB) has been accepted to compete for the Progressive Insurance Automotive X PRIZE.

The Progressive Insurance Automotive X PRIZE (PIAXP) is a technology-neutral competition open to teams from around the world that can design and build production-capable 100 MPGe (miles per gallon energy equivalent) vehicles that are affordable and meet market needs for capability, safety and performance.

The ZAP Alias is a 100% plug-in 2-seater capable of freeway speeds that will compete in the alternative category of the PIAXP, which was formed to encourage creativity in vehicle designs. The alternative class requires only two seats and an effective cruising range of 100 miles.

Related News:

- ZAP Alias Electric Car Debuts Jan 24 in New Orleans