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Electric car for under $10,000 released

Tuesday, April 14, 2009 - 00:00

ZENN Motor Company, a developer of zero emission transportation solutions, will offer the 2009 All-Electric ZENN LSV (low-speed vehicle) for only $9,995 under its Ambassador Program.

The program price is made possible through a combination of a product Ambassador rebate program and a one-time federal tax credit. This offer is available through June 30, 2009 from the company's network of retailers throughout the United States.

In exchange for their efforts to promote the ZENN in their communities and sharing their experiences with the company, ambassadors are provided with a $4,750 rebate that can be immediately applied at point-of-purchase. Ambassadors who sign up for this limited-time program at point of purchase will receive a tool kit that includes a ZENN hat, ZENN T-shirt, and promotional literature. They will also participate in online surveys 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. "The vehicle attracts a lot of attention and early adopters of the ZENN have proven to be passionate advocates and educators of the brand. This program provides new customers with an opportunity to purchase a vehicle for a substantially reduced cost in exchange for their grass roots advocacy and promotion of the ZENN's as a sustainable transportation solution," he says.

The program's pricing structure is as follows:
ZENN MSRP:                           $15,995
Ambassador Rebate:                   -$4,750
Total Purchase Price:                $11,245 (not including optional accessories, delivery fees or sales taxes)
Less 10 percent Federal Tax Credit:        -$1,250 (may vary depending on individual tax situation. Federal Tax Credit is based on 10 percent of total purchase price plus $1,250 in standard delivery fees.)
Total Cost to Customer:            $9,995 (Total Cost to Customer includes both the Ambassador point of sale rebate and an estimated amount for the federal tax credit incentive that the customer may be eligible for when filing their income taxes. Cost to customer is net of taxes, delivery fees, and optional accessories.)

ZENN's Ambassador pricing makes it the least expensive all-weather Neighborhood Electric Vehicle (NEV) in the market today, according to the company, 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 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 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, comparatively little maintenance and no emissions.

The company states that 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. For more information, visit www.ZENNcars.com.

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