According to Steven Schneider, ZAP chief executive officer, We have a rapidly growing number of these vehicles in our production queue as a result of stepped up demand and purchasing activity. Both corporate and government fleet buyers have been given mandates to implement change and, fortunately, we’ve been the beneficiary of that new direction. He added, The XL truck is attractive because it’s priced right, it has a variety of battery power levels and our new Payload shells can be equipped with full-length lift up doors with tinted windows, discrete tool bins, space-saving roll-up doors and a top-mounted utility rack.
To meet demand, ZAP plans to expand its domestic manufacturing capability for 100% plug-in electric vehicles through Zap Motors Manufacturing in Kentucky. That company has applied to the U.S. Department of Energy (DOE) for a $200 million Advanced Technology Vehicles Manufacturing loan to build its Kentucky plant. DOE will be allocating $25 billion in such loans to qualified carmakers and suppliers who can build advanced technology vehicles in the US.
