- Leased EV Provides "DAY ONE" Cost Savings

ONTARIO, California, June 3, 2015 /PRNewswire/ -- Phoenix Cars LLC, a developer of electric vehicle technologies, today announced that it has provided an Electric Shuttle Bus to one of the nation's leading airport parking companies. The Electric Bus will be the 1^st electric shuttle bus at Los Angeles International Airport (LAX). The bus is expected to perform a 2-shift/ 7-day schedule, which will allow the user to realize an immediate fuel & maintenance savings, and reduce emissions by saving more than 60 tons of CO₂ annually versus a conventional shuttle bus.

Phoenix Cars is offering an industry leading lease that allows the customer to realize an immediate savings. Steven Davis, Phoenix Motorcar's President said, "We offer a game changing lease, which offers the customer an immediate payback, as well as a guarantee on reliability."

Along with the unique lease option, the bus offers a cost effective pollutant free solution to worksites and municipalities. All vehicles offer unique options such as rapid charging as well as purchase or the leasing options. The Zeus bus is California Air Resource Board-approved and eligible for California HVIP cash incentives of $60,000 - $90,000.

Phoenix has recently begun their emergence into the EV segment by announcing delivery of vehicles to a major providers, JPL (Jet Propulsion Laboratory – NASA), Concurrent Technologies Corporation (CTC) and the U.S Navy.

The EV shuttle bus will be on display at the International Parking Institute (IPI) Conference and Expo in Las Vegas June 29 – July 2, 2015. The IPI conference is the largest educational and networking event for parking and transportation in the world. Traditionally more than 2,800 attendees and 235 exhibitors participate in the 4 day event.

About Phoenix Cars LLC
Based in Ontario, California, Phoenix Cars LLC, dba Phoenix Motorcars is a leading developer of all-electric vehicles and systems for the fleet market. The company is a wholly-owned subsidiary of Al Yousuf LLC, which is based in Dubai, UAE. For more information on Phoenix Motorcars and its technical offerings, please visit www.phoenixmotorcars.com

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SOURCE Phoenix Cars LLC