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September 18, 2007 – Vol. 12 No.26 ZAP - Chile's Largest Power Company, CHILECTRA, to Allow Customers to Use Utility Bills to Finance Electric Vehicles. CHILECTRA has signed an exclusive agreement with ZAP to distribute its full-line of electric transportation in Chile. CHILECTRA has placed an initial order, which includes the ZAP Power System electric bicycle kit, the ZAPPY3 and ZAPPY3 PRO personal electric transporter, as well as the new Zapino moped class electric scooter. Under a monthly payment plan, the electrical customer can own the vehicle within 36 months. CHILECTRA is planning to launch a campaign in October where some of Chile's biggest shopping malls will showcase ZAP bikes and scooters. According to ZAP, Santiago, Chile, next to Mexico City and Sao Paulo, suffers from some of the worst air pollution in Latin America. Electric vehicles produce zero exhaust emissions and studies show that compared to gas they can reduce automotive emissions by more than 90 percent, even including the emissions from power plants to generate the electricity. If charged at night, electric vehicles can use off-peak electrical generation, meaning no additional pollution. ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries.(9/18/07)
Links: CHILECTRA http://www.chilectra.cl
Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: Yes
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