April 18, 2008 10:00 ET

Trade-In a Gas-Guzzler for an Electric Car This Earth Day at ZAP

SANTA ROSA, CA--(Marketwire - April 18, 2008) - Remember that electric car prices are coming down as you ponder the meaning of Earth Day on April 22, while gas prices keep going up. You may just want to trade in your old gas-guzzler for an electric car today at participating ZAP (OTCBB: ZAAP) dealers.

If your commute is fairly short, ZAP says you can potentially save thousands of dollars per year by trading in your old gas-guzzler for an electric car. ZAP estimates there are 250 million cars and trucks in the United States today. The vast majority of these cars are older models with less fuel economy. Retiring one million used cars and trucks would save about $1 billion per year and reduce emissions by 60,000 tons of HC, 448,000 tons of CO, and 17,000 tons of NOX, from a 1994 study by the US Congress Office of Technology Assessment. Imagine what it would save at today's gas prices.

ZAP's dealership in Santa Rosa, California will now take trade-ins towards the purchase of an electric car and for qualified buyers will finance any residual. ZAP is expanding its network of electric car dealers, with more dealers now offering the option of taking trade-ins towards your electric car purchase. Visit to inquire about a test drive at a participating ZAP dealer near you.

ZAP says its Xebra electric city-car and truck cost from 1-3 cents per mile while gasoline costs 15-20 cents per mile. ZAP's research into used gasoline cars shows that average late model used cars average between 15-22 MPG. On a pure energy consumption basis, the ZAP Xebra can get about 146 MPG, though one Xebra owner computes that he gets the cost equivalent of 600 MPG.

The California Air Resources Board (CARB) estimates that fuel costs for a gasoline vehicle can be over five times greater than an electric vehicle. By driving an electric vehicle with a 30-mile commute, a person can reduce gasoline consumption by an estimated 750 gallons annually. At today's fuel prices, this can result in a savings of approximately $2,500 a year.

Saving money aside, you may purely want to be kind to the planet. ZAP says electric vehicles are the cleanest and most environmentally friendly automotive technology today. They have no tailpipe exhaust or evaporative emissions, nor emissions systems that can degrade or fail with time. CARB studies show there are no emissions from the refining of fuel and service stations. And, EVs reduce pollutants by more than 90 percent when compared to the cleanest conventional gasoline-powered vehicles, even when factoring in the emissions from the most polluting power plants.

The United States has the lowest average fuel economy among first world nations; the European Union and Japan have fuel economy standards about twice as high as the United States. Fuel economy regulations currently do not apply to vehicles with a Gross Vehicle Weight Rating of more than 8,500 pounds. Therefore, some large pickup trucks, vans, and SUVs are not tested, and fuel economy labels are not posted on their windows.

ZAP of Santa Rosa, California is developing a range of electric vehicles along with its sales and service network. To sign up or to arrange a test drive of an electric Xebra go to

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.

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