Electric? Plug-in hybrid? Hydrogen? Automotive visionaries recently urged senators to use tax credits to stimulate a variety of vehicle technologies and fuels for a post- gasoline America.
ZAP’s ears are burning and their nose is twitching. Their cause is overtaking the nation. It’s on every law maker’s radar and every consumer’s mind. Fuel efficiency and reduction in Co2 pollutants are essential for a viable sustainable world. Period, the end, no disagreement on that point any more. The issue becomes now how to promote precisely what ZAP has been promoting for years and years and years.
Obviously, tax incentives are on the table but so are many other incentives which will only enhance ZAP’s Zero Air Pollution mission and raison d’etre.
Back on the Senate Finance Committee agenda this week is a debate over what incentives Congress should pass to help bring alternative fuel vehicles to market, as the panel moves closer to drafting a tax bill focused on the energy sector. This serves as a follow-up to another hearing the committee held two weeks ago where it likewise solicited input from outside experts on tax incentives needed to expand the availability of alternative vehicles and fuels.
The federal government shouldn’t try to “pick a winner” for cars of the future, and instead should pass “technology-neutral” policies to encourage alternative ways to increase fuel efficiency and cut greenhouse gas emissions, witnesses told a Senate Finance subcommittee.
The government should also levy polluter fees on those who buy “dirty” vehicles, the witnesses said.
“There is more than enough evidence that consumers and automakers respond to incentives and disincentives,” testified Walter McManus of the University of Michigan Transportation Research Institute.
In that hearing, several witnesses urged Congress to provide larger tax breaks for consumers who purchase vehicles such as hybrids and plug-in hybrids. Industry groups have also asked members of Congress to provide larger and more consistent incentives for items such as the development of a biofuels infrastructure and the development of advanced vehicle battery infrastructure.
The hearing is the most recent in a string of similar events meant to solicit outside input for tax legislation later this year that will attempt to address oil dependence and other energy policy issues, according to committee aides.
Senate Majority Leader Harry Reid (D-Nev.) wants to bring energy legislation to the floor by the Memorial Day recess, but Baucus on more than one occasion has said he may not be ready by that date.
Mark Chernoby of DaimlerChrysler Corp. urged Congress to use the tax code to encourage sales of vehicles using “clean diesel technologies.”
ZAP’s XEBRA 100% electric car and truck are now available; some of the only consumer electric vehicles in the US that can meet the need for gas-free, city-speed driving. The XEBRA is considered by ZAP as a ‘city-car,’ an all-electric design for city-speed driving up to 40 mph. Priced about $10,000, they plug into any 110-volt outlet — the same outlet that is found in and outside every home, garage and office.
Source: Zap Automotive
For more information, visit http://www.zapworld.com .
Source: ZAP
Contact: ZAP
Alex Campbell, 707-525-8658 ext. 241
acampbell@zapworld.com
http://www.ZAPworld.com
501 4th St.
Santa Rosa, CA 95401
Phone: 707-525-8658
Fax: 707-525-8692
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, 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 Securi and Exchange Commission.
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