More Bad Boy Buggy News

Bad Boy Enterprises just announced that three of their vehicles, the Classic, XT and Stretch, are now qualified by the IRS as street-legal LSVs.  Each vehicle is eligible for a federal tax credit of $5,590.  Management reports that tax credit driven sales have, in part, caused them to increase their projected annual sales from $17 million to $20 million.  In addition, they report a 1,000 orders for their new XT vehicle and a positive response from their five-store market test with Bass Pro shops.  The retailer wants to roll-out the program with an additional 15 stores in the next three months.  Bad Boy is also talking with retailer Cabela’s about selling their vehicles.  Learn more:  Natchezdemocrat.com

ZENN: Annual Sales Reach Nearly 300

ZENN Motor Company recently reported that they had sold 288 vehicles for the 2008 fiscal year which ended on September 30. In total the company states that 350 vehicles have been sold since they started selling vehicles in 2007. Approximately one third of the vehicles have been sold in California. more info

Introduction – Gas Prices Drive NEV Sales

While this blog will be based mostly on current and more recent events, my first few posts will include some information and insights about the NEV/LSV market I’ve been gathering from the beginning of this year.

According to GEM’s sales and marketing director Jay Wik, GEM Asia reports strong increases of 30% in sales revenue attributing the increases to rising oil prices and concern about global warming. In the US dealers are reporting increases of 10-30 percent in the last year and inquiries have increased ten-fold. Increases have occurred in all parts of the country and for exports as well. The company reports that production increased 15 percent in May. Second quarter sales were reportedly up 30% from last year. One GEM dealer experiencing the sales jump is Greg Welsh of Gulf Atlantic Vehicles in New Smyrna Beach, FL who has reported a sales increase f 30%.