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):October 31, 2006

ZAP

(Exact name of Registrant as specified in its charter)

California	001-32534		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 (see General Instruction A.2. below):

o   Written communications pursuant to Rule 425 under the 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-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 3  Securities and Trading Markets

Item 3.01.  Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On October 31, 2006, ZAP (the "Company") received written notice from the staff of the New York Stock Exchange (the "NYSE") that the Company's common stock would be suspended from trading on the NYSE Arca prior to market open on Wednesday, November 8, 2006 as a result of the Company’s failure to satisfy the NYSE Arca’s continued listing standards. The NYSE’s application to the Securities and Exchange Commission to delist the Company’s common stock is pending completion of applicable procedures, including any appeal by the Company of the NYSE staff’s determination. As of the date of this report, the Company does not intend to appeal the NYSE staff’s determination and is working with a market maker to have its common stock quoted on the OTC Bulletin Board.

As previously disclosed, the Company had received notification from the NYSE staff on August 23, 2006, that the Company was not in compliance with the NYSE Arca’s continued listing standards for minimum total net tangible assets or minimum net worth. The Company submitted a business plan to address non-compliance with the NYSE Arca’s listing standards. After reviewing these materials, the NYSE staff decided to proceed with the delisting as described above.

The press release announcing receipt of the notification from the NYSE staff is attached 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 of ZAP dated November 6, 2006 regarding NYSE notification.

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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: November 6, 2006	By:  /s/ Steven M. Schneider
	Steven M. Schneider
	Chief Executive Officer

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ZAP

EXHIBIT INDEX

Exhibit Number	Exhibit Title or Description
99.1	Press release of ZAP dated November 6, 2006 regarding NYSE notification.

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EX-99.1

Exhibit 99.1

ZAP Expects to Move to OTCBB

SANTA ROSA, CA (November 6, 2006) -- Electric car pioneer ZAP [NYSE Arca:ZP], a leader in advanced transportation and energy technologies, announced today that it expects to move to the OTC Bulletin Board (OTCBB) (http://www.otcbb.com) after the NYSE Arca Exchange on October 31 decided to discontinue ZAP's listing.

ZAP CEO Steve Schneider regrets the decision by the NYSE staff, but added that the expense of maintaining the Company’s common stock listing with NYSE Arca is significant. The time management and personnel the Company is dedicating to continued compliance with NYSE Arca requirements could, instead, be dedicated to developing the business and pursuing strategic opportunities.

"We believe that a listing on OTCBB would result in material savings to the company and allow our team to focus on the exciting opportunities that are coming our way," said ZAP CEO Steve Schneider.

Schneider noted that ZAP has projected record sales so far in 2006. Sales for the XEBRA are continuing to grow at an accelerating rate. ZAP is holding a second dealer sales and service training given the level of interest shown for its electric cars. ZAP will be debuting its production and consumer-ready electric vehicles at the San Francisco International Auto Show November 18-26.

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, alcohol, hybrid and other innovative power systems. For more information, visit http://www.zapworld.com.

Forward-Looking Statements

Statements in this press release that relate to future plans or projected results of ZAP are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), and Section 21E of the Securities Exchange Act of 1934, as amended by the PSLRA, and all such statements fall under the "safe harbor" provisions of the PSLRA. ZAP's actual results may vary materially from those described in any "forward-looking statement" due to, among other possible reasons, the continued acceptance of ZAP's products, increased levels of competition, new products and

technological changes, ZAP's dependence on third-party suppliers, intellectual property rights, and the realization of any of the other risks described in ZAP's Annual Report on Form 10-KSB, or in any of ZAP's other filings with the Securities and Exchange Commission. Readers of this press release are cautioned not to put undue reliance on forward-looking statements.

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ZAP Contacts:

Alex Campbell, Media Relations, 707-525-8658 x 241, acampbell@zapworld.com

Steven Kim, Investor Relations, 707-525-8658 x 298, investor@zapworld.com