Since 1994, ZAP has delivered more than 100,000 vehicles to consumers spread throughout 75 countries. The companyâ€™s line of electric vehicles includes electric city cars, trucks, motorcycles, scooters and ATVs. The company today announced it has started shipping its Zaptruck XL electric LSV orders to several U.S. military bases throughout the United States, as well as abroad, responding to the U.S. Governmentâ€™s public announcement that it plans to buy more than $300 million worth of energy efficient vehicles.
Steve Schneider, ZAPâ€™s CEO, said that the XL qualifies for the Federal tax cut in President Obamaâ€™s stimulus plan, making the XLâ€™s net purchase price â€œaffordable, attractive and very competitive.” The company said it has received numerous bid solicitations from city, county and state government buying authorities who are now in position to take advantage of â€œgreenâ€ transportation initiatives.
“Our Zaptruck XL has captured a significant market share in what is becoming a high demand/high growth segment of the EV marketplace. These orders and continued strong dealer demand have resulted in our ramping up higher production which is a manageable and nice problem to deal with,” Amos Kazzaz, ZAP’s chief operating officer in charge of production stated in the press release.
ZAP recently upgraded the XL, adding enclosed and weatherproof box options, full-length side doors with tinted windows, discrete tool bins, roll-up doors and top-mounted utility racks, making the 100 percent-electric-powered vehicle adaptable for a variety of situations and environments. As ZAP takes measures to improve and market its vehicles, it is also looking to further growth for the company itself.
The company said it is seeking expansion opportunities through an exclusive domestic manufacturing contract with Zap Motors Manufacturing in Kentucky, which has submitted an application to the U.S. Department of Energy (DOE) for a $200 million Advanced Technology Vehicles Manufacturing loan to build its Kentucky plant.
According to the press release, the DOE will channel $25 billion in relative loans to those companies it deems qualified to use the funds to manufacture advanced technology vehicles.