ZAP Announces Second High-Performance Electric Vehicle in Development

ZAP Announces Second High-Performance Electric Vehicle in Development

June 22, 2007

Includes Similar Technology, Expected Sooner than ZAP-X

    SANTA ROSA, Calif., June 22 /Xinhua-PRNewswire/ --
Electric car pioneer ZAP (OTC Bulletin Board: ZAAP) is
launching a new development program for a high-performance
electric vehicle that is affordable for consumers.

    ZAP says that the initial concept phase for the new
vehicle is complete.  The targeted price is $30,000, top
speed in excess of 100 mph and range of 100 miles per
charge.  Many of the technologies already specified for the
ZAP-X electric car concept will be applied to the new
vehicle, but delivery is expected to be sooner than the
ZAP-X.  CEO Steve Schneider said more details of the new
vehicle will be presented at the annual shareholder
meeting, July 29 in Santa Rosa, California.

    (Photo: 
http://www.newscom.com/cgi-bin/prnh/20070622/AQF032)
    (Logo: 
http://www.newscom.com/cgi-bin/prnh/20070130/SFTU060LOGO)

    "With ZAP's experience over the past 12 years and
the groundwork we have already laid, we know that
electricity is the future of the auto industry," said
Schneider.  "At the same time, we believe we have a
design that will serve a niche no other manufacturer in the
auto industry is seeking to fill."

    Today, ZAP is selling an innovative electric car and
truck design called the XEBRA for about $10,000 that
travels speeds up to 40 MPH.  Schneider says the XEBRA was
designed to fill the growing niche for city-speed electric
vehicles.  ZAP is marketing them towards government and
municipal fleets as well as short-distance commuters.

    ZAP sells the XEBRA through an authorized dealer
network of sales and service centers. ZAP is developing a
number of vehicles for its automotive business plan. 
Earlier this year, ZAP introduced a high-performance
compact, or crossover, SUV concept called ZAP-X.  ZAP also
has ventures to build cars in China and Brazil.

    About ZAP

    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
from cell phones to laptops. For 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: 

    Alex Campbell
    Media Relations
    Tel:   [phone], ext. 241
    Email: [e-mail]

    Sherri Haskell
    Investor Relations 
    Tel:   [phone], ext. 232
    Email: [e-mail]