Start-up places $79-million order for ZAP electric vehicles

A Chicago-based start-up, The Electric Vehicle Company, has placed a $79-million order with ZAP for its electric cars, trucks and other vehicles. The Electric Vehicle Company (EVC) was founded with the goal of promoting economical non-polluting electric transportation.

Additionally, the company has the goal of developing the first retail chain committed to the sale of all-electric vehicles. ZAP CEO Steve Schneider noted that EVC would receive an 8% discount if orders were filled within the next 12 months.

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