Corporate

ZAP Acquires Interest in Electric Wheel Motor Company

SANTA ROSA, CA -- Jun 2, 2008 -- Electric transportation pioneer ZAP (OTC BB:ZAAP.OB) announced today that it has acquired an ownership interest in an electric motor company to develop and manufacture a new line of wheel motors for future vehicle developments and global distribution.

California to Give $1,000 Electric Car Rebates for ZAP Xebra Sedan and Truck

UPDATED June 18, 2008: SACRAMENTO, CA -- May 29, 2008 -- The California Air Resources Board is offering a $1,000 rebate towards the purchase of a Xebra electric car and truck from ZAP (OTC BB:ZAAP.OB).

Major Shareholder and Strategic Partner Al Yousuf Group Purchases ZAP's Convertible Debt

SANTA ROSA, CA (May 19, 2008) -- Electric vehicle pioneer ZAP (OTC BB: ZAAP) announced today that Dubai's Al-Yousuf Group has completed a transaction to purchase a convertible debt that was part of a private placement registration from October 2007.

As part of the transaction, The Al Yousuf Group has purchased the convertible debt for $475,000.

"We are continually grateful for the commitment and support that Mr. Eqbal Al Yousuf has given ZAP," said ZAP CEO Steve Schneider. "The purchase of this convertible debt will help ZAP's business plans."

The United Arab Emirates manufacturing and distribution company purchased $5 million ZAP shares in November. In December, Mr. Eqbal Al-Yousuf, President joined ZAP's Board of Directors.

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Electric Car Firm ZAP Sparks China Earthquake Relief Fund With $50,000 Donation

ZAP Challenges Others to Match or Exceed Its $50,000 Donation

DEZHOU, SHANDONG PROVINCE, CHINA and SANTA ROSA, CA--(MARKET WIRE)--May 15, 2008 -- California electric car pioneer ZAP (OTC BB:ZAAP.OB) is starting a relief fund with the factory for its Xebra electric car and truck to aid victims of the May 12 earthquake in Sichuan, China.

ZAP Electric Car, Truck Arrive in Florida at West Palm Beach Dealership Foreign Affairs Auto

WEST PALM BEACH, FL -- Apr 24, 2008 -- As oil and gas keep hitting new records this week, an electric car dealership opened in West Palm Beach, Florida offering a new affordable design for city-speed driving called the ZAP (OTC BB:ZAAP.OB) Xebra.

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