$79 Million Order for ZAP (OTC BB: ZAAP) Electric Cars

$79 Million Order for ZAP (OTC BB: ZAAP) Electric Cars

April 18, 2007

ZAP is pleased to announce their largest order for consumer
electric vehicles


    SANTA ROSA, Calif., April 18 /Xinhua-PRNewswire/ --
Electric car pioneer ZAP (OTC Bulletin Board: ZAAP) has
received an order for $79 Million from a Chicago-based
start-up, The Electric Vehicle Company.

    (Logo: 
http://www.newscom.com/cgi-bin/prnh/20070130/SFTU060LOGO )

    (Photo: 
http://www.newscom.com/cgi-bin/prnh/20070418/AQW079 )

    The Electric Vehicle Company (EVC) was founded with the
goal of promoting economical non-polluting electric
transportation.  EVC is being funded by two hedge funds,
Diversified Equity Funding, L.P. and Diversified Strategies
Fund, LLC, which both have an investment interest in ZAP. 
EVC will focus on sales of electric vehicles to
municipalities, distributors, university campuses, auto and
recreational dealers, foreign countries and the military. 
Additionally, the company has the goal of developing the
first retail chain committed to the sale of all electric
vehicles. The two funds have committed the funding
necessary to develop the marketing organization.  The hedge
funds will also provide financing for the purchase of ZAP
vehicles by fleets and municipalities.
 
    ZAP CEO Steve Schneider said the order is for ZAP's
electric cars, trucks and other vehicles.  Schneider noted
that EVC would receive an 8% discount if orders were filled
within the next 12 months.  The order is subject to meeting
the performance criteria of EVC and certain terms of ZAP.

    "We believe this order, which constitutes
thousands of vehicles, is the largest order for consumer
electric vehicles in history," said Steve Schneider,
CEO of publicly owned ZAP. "Many municipalities have
been talking recently about mitigating greenhouse gas
emissions, so we are grateful to be involved in this
historic effort."

    Schneider noted that in March, large pension funds and
business enterprises called for Congress to place limits on
emissions of carbon dioxide and other gases blamed for
global warming, the latest among several business-oriented
groups to call for a national climate policy.

    ZAP, the only full-line electric vehicle company in the
US, made news recently with the sale of its XEBRA electric
cars and trucks, the first vehicles designed for the US
market by a Chinese automobile manufacturer.  ZAP also
recently announced an automotive business plan to design a
new generation of high performance electric vehicles
designed by Lotus Engineering. 

    About ZAP

    Disclosure:

    Larry Spatz, of EVC, has entered into a consulting
agreement with ZAP in which he will utilize his
relationships and expertise to assist in the company's
growth.

    ZAP has been a leader in advanced transportation
technologies since 1994, delivering over 90,000 vehicles to
consumers in more than 75 countries. At the forefront of
fuel-efficient transportation with new technologies
including energy efficient gas systems, hydrogen, electric,
fuel cell, ethanol, hybrid and other innovative power
systems, ZAP is developing a high-performance crossover SUV
electric car concept called ZAP-X engineered by Lotus
Engineering. The Company recently launched a new portable
energy technology that manages power for mobile
electronics, like cell phones and laptops. For more
product, dealer and investor information, visit
http://www.zapworld.com . 

    Forward-looking statements in this release are made
pursuant to the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995. 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.


    For more information, please contact: 

     Media£º 
      Alex Campbell 
      ZAP
      Tel:   [phone] ext. 241 
      Email: [e-mail] 
     
     Investors£º
      Sherri Haskell 
      ZAP
      Tel:   [phone] ext. 232 
      Email: [e-mail]
 
     Other:
      Sonya Stay 
      The Electric Vehicle Co. 
      Tel:   [phone]