The management at ZAP believes the time is now in the electronic vehicle market. With rising oil prices and environmental concerns, they continue their innovative development of electric vehicles to serve city drivers. Their “city cars” are a gas-free alternative for commuters, multi-car families, businesses, and government fleets.
ZAP operates out of Santa Rosa, California as part of the Auto Manufacturers sector. They trade on the OTCBB. ZAP stands for Zero Air Pollution, and this benefit of their electric vehicles is what the company hopes will propel them toward greater growth. ZAP markets the XEBRA electric sedan and pickup vehicle. ZAP launched the Xebra in 2006. They sell these two product lines through a global distribution network of auto distributors, dealers, and service centers.
A Xebra vehicle can drive in excess of 40 mph and retails at under $10,000. It has a range of up to 40 miles per charge, with recharging taking anywhere from three to six hours. The Xebra uses regular voltage outlets of 110 or 220 volts. The cost to the consumer for charging their vehicle is in the one to three-cent-per-mile range. The Xebra comes in vibrant colors and there is even a zebra stripe option available. ZAP can also equip the Xebra with solar panels.
ZAP has wholly owned subsidiaries, which they operate. They conduct their business under Voltage Vehicles, ZAPWorld Stores, Inc., ZAP Manufacturing, Inc., and ZAP Rental Outlet. The company’s focus is in two areas, ZAP Electric Vehicles and ZAP Recharge-It-All.
With ZAP Recharge-It-All, the company focuses on new battery recharging technology. Their product charges and/or powers a variety of consumer electronics from cell phones, smart phones, and MP3 players to digital cameras, camcorders, and hand-held and laptop computers. Their recharging product has advanced battery storage with smart-charge controller technology. This technology senses and adapts to different voltages from different electronic devices. One does not have to carry multiple chargers around with them when they travel, as the ZAP charger can do it all.
ZAP seeks to serve consumers who desire fuel-efficient vehicles. They and Lotus Engineering completed a feasibility study on a new generation of commercially viable electric vehicles. Their commitment is to clean power and helping the environment while bringing value to their shareholders. They continue to sit in the driver’s seat humming full speed ahead while continuing innovation in the advanced technology vehicle marketplace.
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