ZAP Announces Electric Car Rental Program

July 25, 2002 by Jeff Shepard

Working in conjunction with Global Electric Motorcars LLC, a DaimlerChrysler Corp. (Auburn Hills, MI) company, ZAP (Sebastopol, CA) announced that it will be renting neighborhood electric vehicles throughout California, beginning in Newport Beach.

ZAP will be soliciting rental agencies and other locations for the program. Those interested in participating in the rental program can get special incentives, including a 10-percent federal tax credit, accelerated depreciation, share in the rental income as well as being secured by ownership in the electric car. ZAP will operate the rental management company, handling all insurance and processing. Rental companies that participate can receive vehicles at no cost as well as share in the rental income.