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Sales of Electric Vehicles Zoom as Oil Prices Soar

Published Aug 8th 2007, 5:57pm by

Zapcar As gas prices gas reach an all-time high, ZAP, an alternative transportation company based in Santa Rosa, California, says interest for all of its electric vehicles has increased beyond their expectations. The Zapino, a new motorbike design introduced last month, sold out in just over two weeks. Likewise, ZAP's ZAPPY3 line of personal electric transporters sold out during one of the busiest buying seasons of the year.

ZAP CEO Steve Schneider says the company has increased their orders, with new shipments arriving now. "The price of fossil fuels is one of the most important reasons why ZAP exists — to provide alternatives," said Schneider. "We should revisit the idea of energy independence that can be so important to the U.S. economy. EVs can even help with your own personal finance."

Schneider noted that electric vehicles typically cost a fraction of gas vehicles. ZAP's electric XEBRAs cost between one and three cents a mile, compared to more than 20 cents a mile for conventional automobiles.

Zaplogo Schneider cited recent reports that more than 60 percent of the oil used in the USA is now imported. In the USA, about 25 barrels of oil per person are consumed each year, and 15 of those barrels are imported. At an average cost of $70 per barrel, the imported oil costs more than $1,000 per person per year. The U.S. has just three percent of the known world oil reserves, yet we use 25 percent of the world's oil.

"In order to end our country's addiction to oil and combat global warming, we must focus on real solutions like increasing vehicle fuel efficiency and increasing our use of electric cars," said Schneider.

ZAP is working to create an online advance order system. To place an order, visit www.zapworld.com.

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