ZENN tries to boost EV market with under $10k NEV
On top of that buyers, are currently eligible for a $1,250 federal tax credit in the United States bringing the bottom line to just $9,995. Before you rush to one of the 40 ZENN dealers in the U.S., keep in mind that this is a neighborhood electric vehicle. That means it's limited to just 25 mph. It is legal to operate on city streets with speed limits up to 35 mph. If that limitation works within you needs, the ZENN may be a good deal for you.
A JOLT TO THE ELECTRIC VEHICLE MARKET:
ZENN OFFERS ITS NEV FOR UNDER $10,000
TORONTO, ON – April 7, 2009 -- ZENN Motor Company, a leading developer of zero emission transportation solutions, is pleased to announce it will offer the 2009 All-Electric ZENN Car for an unprecedented price of $9,995 under its Ambassador Program through a combination of an innovative product Ambassador rebate program and a one time federal tax credit. This offer is available through June 30th, 2009 from the Company's network of 40 retailers throughout the United States.
ZMC has seen from its early product deliveries that the ZENN creates excitement wherever it goes. In exchange for Ambassadors efforts to promote the ZENN in their communities and sharing their experiences with the Company, they are provided with a $4,750 rebate that can be immediately applied at point-of-purchase. Customers who sign up for the program at time of purchase will receive a tool kit that includes a ZENN hat, ZENN t-shirt, and promotional literature. They also participate in an online ownership survey and feedback questionnaires during the first three months of ownership.
Dennis Hancock, Vice President of Sales and Marketing, is a firm believer in the Ambassador Program. "We have always had a base of enthusiastic owners who are passionate advocates for ZENN and for electric vehicles in general. This program provides them with an opportunity to purchase a vehicle below Retailer cost in exchange for their grass roots advocacy of sustainable transportation solutions."
The program's pricing structure is as follows:
ZENN MSRP $15,995
Ambassador Rebate: -$4,750
Federal Tax Credit -$1,250
Total Cost to Customer $9,995
(This price excludes delivery fees, sales tax and optional accessories)
ZENN's Ambassador pricing makes it the least expensive all-weather Neighborhood Electric Vehicle in the market today, nearly $2,000 dollars less than the ZAP, and about $10,000 lower than other some other NEVs in the marketplace.
The ZENN is a fully equipped, neighborhood electric vehicle (NEV) with a range of up to 35 miles that recharges using a standard 120 volt electric outlet in as little as four hours. The ZENN is far less complex than a conventional car or a hybrid, with significantly fewer parts. There is no oil to change and no emission standards to meet, no exhaust and almost no maintenance. The cost of operating a ZENN is just over two cents per mile (fuel efficiency is equivalent to 280 miles per gallon) and the cars are typically very inexpensive to insure. The low cost of operating a ZENN, the low initial purchase price, and its exceptionally small carbon footprint deliver guilt-free savings for years to come.
ABOUT ZENN MOTOR COMPANY
ZENN Motor Company, Toronto, Canada, is dedicated to being the global leader in zero emission transportation solutions for markets around the world. Driven by quality, ingenuity, and a philosophy of social responsibility, the ZMC team is redefining what is possible in both urban and business fleet transportation.
The ZENN™ (Zero Emission No Noise) provides an excellent alternative transportation solution for environmentally conscious drivers who want to dramatically reduce their operating costs and free themselves from dependence on oil. The current ZENN low speed vehicle is perfect for urban commuters and commercial fleets such as resorts, gated communities, airports, college and business campuses, municipalities, and parks and is sold through a network of retailers across the United States and directly by the Company in Quebec.
The planned commercialization and implementation of the ultra capacitor being developed by ZENN Motor Company's strategic partner EEStor, Inc., is expected to enable future ZMC vehicles and ZENNergyTM drivetrain powered vehicles to travel at speeds and distances similar to internal combustion powered vehicles but at a fraction of the cost and with zero emissions!
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