8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):  May 3, 2006

ZAP

(Exact name of Registrant as specified in its charter)

California	0-303000		94-3210624
(State or other jurisdiction of incorporation or organization)	Commission File Number		IRS Employer Identification Number
501 Fourth Street Santa Rosa, CA		95401
(Address of principal executive offices)		(Zip Code)

(707) 525-8658

(Registrant’s telephone number, including area code)

not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-14(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 8.  Other Events

Item 8.01.  Other Events

On April 24, 2006, NYSE Arca, Inc.’s Equity Qualification Panel (the “Panel”) determined that if and when ZAP’s closing share price met or exceeded $1.00 for 30 consecutive trading days, ZAP (the “Company”) would have regained compliance with the Tier II continued listing share price requirement set forth in NYSE Arca Equities Rule 5.5(h)(4). On May 3, 2006, the Company was advised by the Panel that the Company’s share price has met or exceeded the $1.00 minimum threshold for 30 consecutive trading days. At the close of market on May 3, 2006, the Company’s shares were trading for $2.05 a share. Accordingly, the Company has regained compliance with the share price minimum threshold requirement and the NYSE Arca has closed its file on the matter.

On May 9, 2006, we issued a press release announcing the Company’s compliance with the minimum share price requirement, which is attached to this current report as Exhibit 99.1.

Section 9.  Financial Statements and Exhibits

Item 9.01.  Financial Statements and Exhibits

(d)   Exhibits
Exhibit Number
	Exhibit Title or Description
99.1	Press Release dated May 9, 2006

-2-

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ZAP
Date: May 9, 2006	By:	/s/ Steven M. Schneider
		Steven M. Schneider
		Chief Executive Officer

-3-

ZAP

EXHIBIT INDEX

Exhibit Number	Exhibit Title or Description
99.1	Press Release dated May 9, 2006

-4-

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

ZAP Complies with NYSE Arca Listing Requirements

SANTA ROSA, California (May 9, 2006) -- ZAP (NYSEArca: ZP) announced today that on May 3, 2006, NYSE Arca, Inc. notified ZAP that it has regained compliance with the $1.00 minimum share bid price requirement for continued listing.

About ZAP

ZAP has been a leader in advanced transportation technologies since 1994, delivering over 90,000 vehicles to consumers in more than 75 countries. ZAP is at the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid, trybrid and other innovative power systems. The Smart Car Americanized for ZAP currently complies with regulatory requirements in all states except California and four other states. ZAP is not affiliated with, or authorized by, smart gmbh, the manufacturer of Smart automobiles, or the smartUSA division of Mercedes-Benz LLC, the exclusive authorized U.S. importer and distributor of those vehicles. For more information, visit http://www.zapworld.com.

Cautionary Statement

This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

Contact:

ZAP

Jennifer Zimmons, 212-838-1444 (Investor Relations)

jzimmons@zapworld.com

Alex Campbell, 707-525-8658 ext. 241 (Media Relations)

acampbell@zapworld.com

# # #