EXHIBIT 21.2

LIST OF SUBSIDIARIES

The following is a list of subsidiaries of ZAP.

1. Voltage Vehicles, a Nevada company, wholly owned.

2. ZAP Rental Outlet, a Nevada company, wholly owned.

3. ZAP Stores, Inc., a California company, wholly owned.

4. ZAP Manufacturing, Inc., a Nevada company, wholly owned.

5. ZAP World Outlet, Inc., a California company, wholly owned.

6. RAP Group, Inc. a California company, wholly owned.

7. Portable Energy LLC, a California limited liability company, wholly owned.

8. Zhejiang Jonway Automobile Co., Ltd., ZAP owns 51% of its equity shares.

9. Portable Energy LLC, a Nevada Company, wholly owned.