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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