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Published in Stocks and Investing on Tuesday, February 24th 2009 at 11:44 GMT, Last Modified on 2009-02-24 11:45:43 by Market Wire🞛 This publication is a summary or evaluation of another publication
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SANTA ROSA, CA--(Marketwire - February 24, 2009) - Steve Schneider, the Chief Executive Officer of ZAP (
The interview with Steve Schneider is available at the following URL: [ http://www.zapworld.com/files/Updated%20content/ZAP.mp3 ].
Mr. Schneider related recent developments for ZAP, including tax credits for electric cars from the stimulus package signed into law by President Obama last week. On top of a 10 percent tax credit for electric cars, Schneider noted there is an additional incentive for some of its vehicles under a sales tax deduction for motorcycles.
A veteran of over 20 years in the auto dealer business, Schneider said the stimulus package is important in helping "rebuild the U.S. economy." During the interview Schneider talked about the difficult economy and how ZAP plans to grow in 2009 by offering auto dealers a new profit center with plug-in transportation.
According to Schneider: "Dealers are having a difficult time... and when they came across what we are doing they thought of the perfect niche to supplement all the things that they've lost... so it's been very good timing for us."
On Friday last week ZAP hosted its monthly dealer training seminar, providing a select group of current and prospective dealers with a preview of its new freeway-capable vehicle, the ZAP Alias, due out later this year.
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-speed cars, trucks and vans in production today and is developing a freeway capable electric vehicle called the ZAP Alias. 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.
