Showing posts with label Wired Mag. Show all posts
Showing posts with label Wired Mag. Show all posts

Thursday, July 10, 2008

Kentucky looking into legalizing electric vehicles

Kentucky's Lexington Herald-Leader has a timely report on whether or not the state should allow electric vehicles (EVs) on state roads.

In an unusual twist on party politics, Republican state senators are the ones urging the Governor Steve Beshear - a Democrat - to sign the executive order.

The order would allow a ZAP electric-vehicle factory to be built and has the potential of employing "up to 1,000 people."

ZAP, as exposed in an excellent report by Wired Magazine (that Ecotravel News wrote about in March) was shown to be greedy charlatans who never delivered their promised cars and bled money from people opening dealerships.

Although EVs are an excellent thing to be approving and signing into law, especially by Republicans, Kentucky should really look into all the facts behind ZAP before making any decisions.

Read the full story: Analyst urges caution on electric car proposal

Read previous post about ZAP cars: Greediness hidden behind electric vehicles

Monday, March 31, 2008

Greediness hidden behind electric vehicles

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