SANTA ROSA, CA -- (MARKET WIRE) -- 06/02/09 -- Electric vehicle pioneer ZAP (OTCBB: ZAAP) has completed an engineering project to develop a four-wheel electric pickup with the majority of the parts and components supplied by US companies. This initiative is in line with the company's ongoing efforts to restructure its operations to focus on US production, particularly in the electric truck arena, as well as in the recent announcement regarding the American manufacture of the ZAP Alias model.
ZAP is uniquely positioned to see its corporate ethos dovetail with government policy. The March announcement of $2.4 billion in federal stimulus funds specifically earmarked for the creation of next generation, plug-in hybrid electric vehicles and advanced battery components, coupled with the Obama Administration's commitment to domestic job creation and "green" economic development, promise to place renewed emphasis on the purchase of alternative fuel vehicles manufactured and built in the United States.
now, go do your term paper.
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