Electric car business opens -- with one problem - WDRB 41 Louisville News

Electric car business opens -- with one problem

The National Basketball Association took over the New YOrk Stock Exchange Tuesday morning to ring the opening bell. Top college draft prospects were on hand, as the draft will be held Thursday.

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UPS is putting out the word it expects earnings to be lower than expected for the second quarter.

UPS had expected earnings per share in the 97 cent to $1.04 range, but reality says it'll be more like the mid 80 cent range.

Lower than expected package volume and that familiar cost of fuel are the reasons for the disappointing results.

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ZAP Electric Autos in Shepherdsville is open for business to sell electric cars. One problem -- the cars are not legal on Kentucky's roads.

You can order one of the electric cars and in eight weeks have it, but don't try to license it in Kentucky.

ZAP Electric Autos owner, Larry Cottingham is working with the legislature to move forward and let his cars on the roads.  They are cars that go 45 miles on a charge, and a charge that costs 40 to 60 cents.

Cottingham says, "44, 45 other states have passed the laws. These vehicles are federally approved, they meet all federal safety standards. The DMV just has to get familiar with the process, they really don't know the value of the car, enough about the car to issue the tag right now.  But we're working on that, and that'll be fixed pretty soon we hope...It's legal in Indiana, Ohio, it's been legal in Tennessee since 2002, we're just really behind the curve on this. Businesses need these vehicles, I mean this is a real cost saver for business in Kentucky. I'll be honest with ya, if I'm up for a Papa John's franchise and I can drive this in Indiana, and I gotta buy gas in Louisville, I may open my franchise in Indiana."

The cars cost in the $13,000 range.  Three state senators test drove the car last week and Cottingham is hopeful next year's legislative session will allow his electric car dealership to move forward.

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