ZAP Offers Electric Car Rebate as Oil, Gas Prices Set New Records
August 11 2005 - 10:30AM
PR Newswire (US)
SANTA ROSA, Calif., Aug. 11 /PRNewswire-FirstCall/ -- With oil and
gas prices hitting new record highs this week, advanced
transportation pioneer ZAP (PCX:ZP) announced today that it will be
offering rebates on its electric cars as well as other electric
vehicles. Average gas prices in California hit a new record
reaching $2.66 per gallon for regular unleaded, according to a
report by AAA of Northern California. The Department of Energy's
Energy Information Administration said in a report it expects world
oil demand to grow by 1.7 million barrels per day this year to 84.2
million barrels per day. The agency stated that it expects oil
prices to average above $56 a barrel through 2006, with spikes to
$60 possible. After the report was released, oil prices increased
Wednesday to $65 per barrel on the New York Mercantile Exchange.
Electric vehicles can handle most of your daily transportation
without using any oil or gas. ZAP says that electricity from your
household outlet can power your transportation and can cost much
less than gasoline. ZAP is offering $500 instant cash rebates on
its electric cars as well as $50 off any electric bicycle through
the end of August 2005. ZAP says it has over 50 electric and
neighborhood electric cars in stock as well as a variety of other
electric vehicles, including electric bicycles and scooters. Visit
http://www.zapworld.com/ for more information or call ZAP's sales
department at 707-525-8658. All cars are sold through licensed auto
dealers. About ZAP ZAP, Zero Air Pollution(R), has been a leader in
advanced transportation technologies since 1994, delivering over
90,000 vehicles to consumers in more than 75 countries. For more
information, visit http://www.zapworld.com/ . DATASOURCE: ZAP
CONTACT: Alex Campbell, Media Relations, +1-707-525-8658, ext. 241,
or , or Steven Kim, Investor Relations, +1-707-525-8658, ext. 298,
or , both of ZAP Web site: http://www.zapworld.com/
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