SANTA ROSA, Calif., Sept. 18, 2008 — Electric transportation pioneer ZAP (OTC Bulletin Board: ZAAP) announced that increasing demand has resulted in record August 2008 sales (unaudited) for its Advanced Technology Vehicle division, the most since ZAP’s Xebra sedan and truck were launched in 2006.
Unaudited sales for ZAP electric vehicles surged to 7,000 in August, versus 2,000 a year ago, an increase of 5,000 or 88 percent. ZAP CEO Steve Schneider said the reason for the increase was a combination of high gas prices and the fact that ZAP has one of the few affordable, street-legal, city-speed electric vehicles in production line assembly today.
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