Wired Magazine's latest issue confronts the rather sticky subject of exposing electric vehicle maker ZAP as charlatans.We at Ecotravel News are all for emissions-free or emissions-cutting vehicles but were stunned at the greedy antics of the heads of this so-called eco-car company.
According to Wired, ZAP promised to manufacture many different models of electric vehicles (EVs) and urged individuals to open their own dealerships after paying ZAP an investment fee. ZAP only delivered two of the promised cars (one pictured above) and those had defects that ZAP refused to fix according to their warranties. The dealership owners, some who had put their entire savings into the promise of selling these environmentally-friendly cars, were crushed financially.
ZAP also issued phony partnership press releases to create creditability and buzz to up their stock price. The two heads issued themselves thousands of stock options and would issue more stock options to investors.
ZAP has yet to get more promised vehicles than the already defective two EVs on the road, but always manages to say they will be delivering new models soon. Meanwhile new people are constantly brought in to help the company, only to leave just as quickly, after realizing the greed of the company is the real goal hidden behind the rouse of environmental cars.
Read the full story: Hype Machine: Searching for ZAP's fleet of no-show green cars
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