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|(ARA) - People of all ages are zipping around towns and cities on scooters these days. Back in the early 1960's, scooters were considered merely a toy for boys to get around their immediate neighborhoods before they had a license. Yet today, scooters have transcended the sexual divide and are now being used as a serious form of transportation.
With reasonable pricing, members of all economic classes -- from school children to ecologically minded commuters to Wall Street types who don't have time to wave down a cab at rush hour -- are new scooter converts. There have even been reports of companies purchasing scooters for their workforce to cut down on the time it takes to walk between departments!
As some people are not content with using their own muscle for propulsion, a whole new motorized scooter breed has materialized. One company has capitalized on this trend and has been selling an electric powered scooter called the Zappy in the U.S and abroad. Able to reach cruising speeds of 13 miles per hour for up to 20 miles -- the scooter has reached a new level as a worthy contender among transportation choices.
But are they a fad? Good question. Considering recent research performed by Business Communications Co. reveals that the U.S. electric vehicle market will grow at a rate of 27 percent through 2005, when it is estimated to become a $7 billion dollar industry -- it's doubtful. ZapWorld, a Nasdaq publicly traded company (ticker ZAPP) and the maker of Zappy, has seen their sales of electric vehicles in 1999 reach $6.5 million and the company's 2000 sales doubled, coming close to $13 million.
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