CONVERTIBLE BOND	12 Months Ended
Dec. 31, 2013
CONVERTIBLE BOND [Abstract]
CONVERTIBLE BOND	NOTE10- CONVERTIBLEBOND On June 12, 2013, the Company signed a convertible bond agreement, pursuant to which a Convertible Bond would be put in place to fund the formation of JAZ (Jonway and ZAP) from the ZAP Hangzhou Joint Venture that was formed in 2010 in China, Hangzhou. The Convertible Bond was to be funded at US$2 million with the option to convert to JAZ shares upon listing on the AIM market at a discount of 30% of the IPO price, and if no AIM listing will be achieved within the duration of Bond period then the Convertible Bond can be converted into ZAP shares at 30% below market price based on the average trading prices of the previous 120 days after notification by bond holder for shares conversion in whole or in part of the bond sum. The Convertible Bond bears interest at 12% per annum payable in arrears in full. As of December 31, 2013 the Company received $1.7 million ($1.50 million net of interest) of $2 million, leaving $300,000 yet to be received. A total of $0.18 million in amortization was recorded with the remaining balance of $0.55 million of the discount was offset against the Company's equity account. The Bond has not been fully funded and the remaining $300,000 may not be forthcoming and its settlement date is uncertain. Therefore, the final amount of the Bond will not be determined until either the $300,000 is received or the principal amount of the Bond is reduced to $1.7 million. As of December 31, 2013, only the $1.7 million that has been funded is accounted for in the accompanying consolidated financial statements. Ratification by the Company's board of directors of the final amount of the Bond is pending the definitive payment or nonpayment of the remaining$300,000. ZAP Hangzhou Joint Venture (ZHJV) was formed to develop electric power trains using local supply parts, and also develop new technology to comply with the China EV type approval requirements. ZHJV has since provided the electric power train and technology for the compliance of China type approval for the Jonway Auto SUV EV, and is developing the power train for the minivan for both the lead acid and the lithium battery version. Over the last few months, ZHJV has been working on getting the formation of an offshore entity of JAZ (Cayman Island Incorporated) in place to support the additional funding requirements to support further development of EV technology and EV product development. This new entity JAZ will seek funding for EV development, and will be singularly focused on EV platforms and technologies. Funding from this will be directed to supporting the licensing of distribution rights from ZAP and also future development, sales and marketing of EV products. The licensing of distribution rights from ZAP will help finance the on-going expenses of ZAP and help bridge over the financial needs and liabilities in paying the on-going operational cost of running ZAP USA, while ZAP continues to develop the USA market for both consumer EV products and low speed vehicle EVs. JAZ is planning to list on the UK AIM next year, and is working with professionals in the UK to achieve this listing. JAZ will be the vehicle for ZAP to focus on EV sales and marketing and further technology development, and will provide access to capital and funds for the on-going development of EV product line and markets.

NOTE10- CONVERTIBLEBOND

On June 12, 2013, the Company signed a convertible bond agreement, pursuant to which a Convertible Bond would be put in place to fund the formation of JAZ (Jonway and ZAP) from the ZAP Hangzhou Joint Venture that was formed in 2010 in China, Hangzhou. The Convertible Bond was to be funded at US$2 million with the option to convert to JAZ shares upon listing on the AIM market at a discount of 30% of the IPO price, and if no AIM listing will be achieved within the duration of Bond period then the Convertible Bond can be converted into ZAP shares at 30% below market price based on the average trading prices of the previous 120 days after notification by bond holder for shares conversion in whole or in part of the bond sum. The Convertible Bond bears interest at 12% per annum payable in arrears in full. As of December 31, 2013 the Company received $1.7 million ($1.50 million net of interest) of $2 million, leaving $300,000 yet to be received. A total of $0.18 million in amortization was recorded with the remaining balance of $0.55 million of the discount was offset against the Company's equity account. The Bond has not been fully funded and the remaining $300,000 may not be forthcoming and its settlement date is uncertain. Therefore, the final amount of the Bond will not be determined until either the $300,000 is received or the principal amount of the Bond is reduced to $1.7 million. As of December 31, 2013, only the $1.7 million that has been funded is accounted for in the accompanying consolidated financial statements. Ratification by the Company's board of directors of the final amount of the Bond is pending the definitive payment or nonpayment of the remaining$300,000.

ZAP Hangzhou Joint Venture (ZHJV) was formed to develop electric power trains using local supply parts, and also develop new technology to comply with the China EV type approval requirements. ZHJV has since provided the electric power train and technology for the compliance of China type approval for the Jonway Auto SUV EV, and is developing the power train for the minivan for both the lead acid and the lithium battery version. Over the last few months, ZHJV has been working on getting the formation of an offshore entity of JAZ (Cayman Island Incorporated) in place to support the additional funding requirements to support further development of EV technology and EV product development. This new entity JAZ will seek funding for EV development, and will be singularly focused on EV platforms and technologies. Funding from this will be directed to supporting the licensing of distribution rights from ZAP and also future development, sales and marketing of EV products. The licensing of distribution rights from ZAP will help finance the on-going expenses of ZAP and help bridge over the financial needs and liabilities in paying the on-going operational cost of running ZAP USA, while ZAP continues to develop the USA market for both consumer EV products and low speed vehicle EVs.

JAZ is planning to list on the UK AIM next year, and is working with professionals in the UK to achieve this listing. JAZ will be the vehicle for ZAP to focus on EV sales and marketing and further technology development, and will provide access to capital and funds for the on-going development of EV product line and markets.