----

----

| Nevada                                                        | 26-3526039                          |
|---------------------------------------------------------------|-------------------------------------|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. EmployerIdentification No.) |
|                                                          |                                |
| 7703 Sand Street                                              |                                |
| Fort Worth, Texas                                             | 76118                               |
| (Address of principal executive offices)                      | (Zip Code)                          |

| Title of Each Class | Name of Each Exchange on Which Registered |
|---------------------|-------------------------------------------|
| None                | Not Applicable                            |
|                |                                      |

| Title of Each Class                 | Name of Each Exchange on Which Registered |
|-------------------------------------|-------------------------------------------|
| Common Stock, $0.001 par value | Not Applicable                            |

----

| Large accelerated filer | o | Accelerated filer | o | Non-accelerated filer | o | Smaller reporting company | þ |
|-------------------------|---|-------------------|---|-----------------------|---|---------------------------|--------|

----

|          |                                                                                                               | Page  |
|---------------|--------------------------------------------------------------------------------------------------------------------|------------|
| PART I   |                                                                                                               |
| Item 1.       | Business                                                                                                           | 4          |
| Item 1A.      | Risk Factors                                                                                                       | 8          |
| Item 2.       | Properties                                                                                                         | 9          |
| Item 3.       | Legal Proceedings                                                                                                  | 10         |
| Item 4.       | Submission of Matters to a Vote of Security Holders                                                                | 10         |
|          |                                                                                                               |       |
| PART II  |                                                                                                               |
| Item 5.       | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 11         |
| Item 6.       | Selected Financial Data                                                                                            | 12         |
| Item 7.       | Management’s Discussion and Analysis of Financial Condition and Results of Operations                        | 12         |
| Item 8.       | Financial Statements and Supplementary Data                                                                        | 15         |
| Item 9.       | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                               | 16         |
| Item 9A.      | Controls and Procedures                                                                                            | 16         |
| Item 9B.      | Other Information                                                                                                  | 16         |
|          |                                                                                                               |
| PART III |                                                                                                               |
| Item 10.      | Directors, Executive Officers and Corporate Governance                                                             | 17         |
| Item 11.      | Executive Compensation                                                                                             | 19         |
| Item 12.      | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters                     | 20         |
| Item 13.      | Certain Relationships and Related Transactions, and Director Independence                                          | 21         |
| Item 14.      | Principal Accounting Fees and Services                                                                             | 21         |
|          |                                                                                                               |
| PART IV  |                                                                                                               |
| Item 15.      | Exhibits, Financial Statement Schedules                                                                            | 22         |

----

|   | · | Wheego Electric Cars, Inc. - manufactures Wheego Whip, fully electric car, currently certified as Low Speed Vehicle (LSV), capable of traveling 40 miles on a single charge, with a base model delivered retail price of $19.995.  Wheego wants to make the best electric cars in the world and educate everyone as to the practical benefits of owning and driving one.  EVCARCO is offering Wheegos under exclusive authorized dealership contract for Tarrant Country, Texas and has options on other territories in several states. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | · | The Tazzari Group - manufactures ZERO, currently a LSV, an Italian electric urban sports vehicle, powered by the latest generation lithium batteries. Depending on the driving mode, ZERO has a range of up to 80 miles and starts at $31,000.  Tazzari’s mission is to provide the very best technology and quality at a really competitive price for a vehicle that is totally innovative and without peers in the field of ecological mobility - a trailblazer in the new age of lithium powered electric drive.  Currently, EVCARCO is the exclusive dealer of ZERO in the US. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | EnVision Motor Company, Inc. - the exclusive distributor for Electric Motor Cars family of all electric vehicles, which include a 7 passenger station wagon, a cargo van, and a pick-up truck.  Production is scheduled to begin in the next few months, with the estimated price between $35,000 and $40,000.   EVCARCO is a non-exclusive authorized dealer of EMC products, and is in current negotiations regarding exclusive distribution rights for several states. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Venta, Inc. - operates with the goal of discovering and distributing environmentally friendly automotive products. It currently has distribution contracts for Tazzari and Foton vehicles, with many others in the works.  Venta and EVCARCO work closely on brining new electric vehicles to US market. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Green Vehicles - manufactures fully electric vehicles for many lifestyles. Models include the TriacTM, a freeway commuter; the MooseTM, a van that retails for $16,995; and the BuckshotTM, a heavy-duty work truck with a best-in-class 1/2 ton payload capacity, retailing for $23,995.  We are currently in negotiations to finalize the agreement with this manufacturer. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | RONN Motor Company, Inc. - developed Scorpion HXTM, hydrogen fuel injected hybrid vehicle. Estimated price for this exotic sports car is $250,000.  Full production is scheduled to begin at the end of April, 2010.  Their other products, H2GOTM real time hydrogen generation system and RonnZoilTM line of biodegradable lubricants will be available for sale in the near future.  EVCARCO has signed a memorandum of understanding with RMC, and is working to finalize the agreement for retail sales of their products. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Coulomb Technologies Charging Stations - Coulomb Technologies provides networked charging stations for the electric vehicles.  Coulomb offers 24/7 service and support for all of its stations as well as a Network Operating System that provides a smart charging infrastructure.  EVCARCO is an authorized dealer of Coulomb products. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Launch EVCARCO franchises, with new electric vehicles and pre-owned operations. |
|--------|--------|---------------------------------------------------------------------------------|

|   | · | Establish EVCARCO through branding the Company as eco-friendly by use of: |
|--------|--------|---------------------------------------------------------------------------|

|   | - | Billboards and other outside advertising |
|--------|---|------------------------------------------|

|   | - | Internet sales and advertising |
|--------|---|--------------------------------|

|   | - | Industry specific magazines and articles |
|--------|---|------------------------------------------|

|   | - | Involve local media by using the Go Green campaign |
|--------|---|----------------------------------------------------|

|   | - | Join and sponsor environmental clubs and groups, plus participate in their community activities |
|--------|---|-------------------------------------------------------------------------------------------------|

|   | - | Get involved in political issues which support the environment |
|--------|---|----------------------------------------------------------------|

----

|   | · | Set up outside dealership displays and events to create awareness of the product capabilities: |
|--------|--------|------------------------------------------------------------------------------------------------|

|   | - | Ride and Drive events |
|--------|---|-----------------------|

|   | - | Kiosk in malls with information |
|--------|---|---------------------------------|

|   | - | Exposure through daily use of vehicles |
|--------|---|----------------------------------------|

|   | · | Develop Green projects and sustainable transportation programs with various governmental entities, non-profit and educational organizations. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Aggressively market its brand through social media, online strategic partnerships, and search engine optimization. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------|

|   | · | Reduction of carbon monoxide emissions of 90 to 97 percent |
|--------|--------|------------------------------------------------------------|

|   | · | Reduction of carbon dioxide emissions of 25 percent |
|--------|--------|-----------------------------------------------------|

|   | · | Reduction of nitrogen oxide emissions of 35 to 60 percent |
|--------|--------|-----------------------------------------------------------|

|   | · | Potential reduction of non-methane hydrocarbon emissions of 50 to 75 percent |
|--------|--------|------------------------------------------------------------------------------|

|   | · | Emission of fewer toxic and carcinogenic pollutants |
|--------|--------|-----------------------------------------------------|

|   | · | Emission of little or no particulate matter |
|--------|--------|---------------------------------------------|

|   | · | Elimination of evaporative emissions |
|--------|--------|--------------------------------------|

----

|   | · | The Company is the first automotive retail group dedicated to opening car dealerships that only sell eco-friendly vehicles |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------|

|   | · | Management team has more than 45 years of combined experience in sales, service, ownership, and management of multiple automobile dealerships |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Uses the most advanced clean technologies available |
|--------|--------|-----------------------------------------------------|

|   | · | Best selection on both new and pre-owned electric vehicles and other environmentally friendly vehicles |
|--------|--------|--------------------------------------------------------------------------------------------------------|

|   | · | We intend to have diverse sources of operating revenue |
|--------|--------|--------------------------------------------------------|

|   | · | Creative marketing tactics that will reach a large segment of customers |
|--------|--------|-------------------------------------------------------------------------|

| MARK                                | APPLICATION SERIAL NO. | FILING BASIS       | FILING DATE    |
|-------------------------------------|------------------------|--------------------|----------------|
| EVCARCO (standard characters)       | 77/764394              | 1b (Intent to Use) | June 29, 2009  |
| EV.CAR.CO (standard characters)     | 77/799343              | 1b (Intent to Use) | August 7, 2009 |
| EV.CAR.CO (stylized design)         | 77/799389              | 1b (Intent to Use) | August 7, 2009 |
| FUTURE DRIVEN (standard characters) | 77/799356              | 1b (Intent to Use) | August 7, 2009 |

----

----

----

----

| Period                                |   | High   |   |   | Low    |   |
|---------------------------------------|--------|--------|--------|--------|--------|--------|
|                                  |   |   |   |   |   |   |
| December 15, 2009 - December 31, 2009 |   | $      | 0.510  |   |   | $      | 0.080 |   |
| January 1, 2010 - March 31, 2010      |   | $      | 0.515  |   |   | $      | 0.090 |   |

|     |   |                                                        |   |            |   |                   |   | Exemption    |   |        |
|----------|--------|-------------------------------------------------------------|--------|-----------------|--------|------------------------|--------|--------------|--------|-------------|
|     |   |                                                        |   |            |   |                   |   | from         |   | Terms of    |
| Date     |   |                                                        |   |            |   |                   |   | regulation   |   | conversion  |
| Sold     |   | Amount                                                      |   | Securities Sold |   | Consideration *        |   | claimed **   |   | or exercise |
| 10/26/09 |   |        40,000            |   | Common Stock    |   | Services               |   |  Reg. D |   | None        |
| 10/27/09 |   |      105,000                       |   | Common Stock    |   | Cash - $52,500         |   |  Reg. D |   | None        |
| 10/27/09 |   |      120,000                       |   | Common Stock    |   | Note payment - $20,000 |   |  Reg. D |   | None        |
| 10/27/09 |   |   6,000,000                                       |   | Common Stock    |   | Cash - $2,000          |   |  Reg. D |   | None        |
| 10/28/09 |   |        50,000            |   | Common Stock    |   | Services               |   |  Reg. D |   | None        |
| 11/10/09 |   |          4,000 |   | Common Stock    |   | Cash - $2,000          |   |  Reg. D |   | None        |
| 11/16/09 |   |        10,000            |   | Common Stock    |   | Cash - $5,000          |   |  Reg. D |   | None        |
| 12/04/09 |   |        40,000            |   | Common Stock    |   | Cash - $20,000         |   |  Reg. D |   | None        |
| 12/07/09 |   |        20,000            |   | Common Stock    |   | Cash - $10,000         |   |  Reg. D |   | None        |
| 12/10/09 |   |        70,000            |   | Common Stock    |   | Cash - $35,000         |   |  Reg. D |   | None        |

----

|                                       |   |             |       |   | Inception          |   |       | Inception          |   |
|--------------------------------------------|--------|------------------|------------|--------|--------------------|--------|------------|--------------------|--------|
|                                       |   |             |       |   | (October 14, 2008) |   |       | (October 14, 2008) |   |
|                                       |   | Year Ended       |       |   | Through            |   |       | Through            |   |
| Statement of Operations                    |   | December 31,2009 |       |   | December 31,2008   |   |       | December 31,2009   |   |
|                                       |   |             |       |   |               |   |       |               |   |
| Total Revenues                             |   | $                | 887,755    |   |               | $      | 46,581     |               |   | $ | 934,336 |   |
|                                       |   |             |       |   |               |   |       |               |   |   |   |   |
| Gross Profit                               |   | $                | (7,446     | )      |               | $      | 2,804      |               |   | $ | (4,642 | ) |
|                                       |   |             |       |   |               |   |       |               |   |   |   |   |
| Operating Loss                             |   | $                | (1,039,419 | )      |               | $      | (89,525    | )                  |   | $ | (1,128,944 | ) |
|                                       |   |             |       |   |               |   |       |               |   |   |   |   |
| Net Loss                                   |   | $                | (1,069,294 | )      |               | $      | (91,060    | )                  |   | $ | (1,160,354 | ) |
|                                       |   |             |       |   |               |   |       |               |   |   |   |   |
| Net loss per commons share:                |   |             |       |   |               |   |       |               |   |   |   |   |
| Basic and diluted                          |   | $                | (0.02      | )      |               | $      | (0.00      | )                  |   |   |   |   |
|                                       |   |             |       |   |               |   |       |               |   |   |   |   |
| Weighted average number of Common shares   |   |             |       |   |               |   |       |               |   |   |   |   |
| outstanding                                |   |             | 54,717,104 |   |               |   | 52,246,329 |               |   |   |   |   |
|                                       |   |             |       |   |               |   |       |               |   |   |   |   |
|                                       |   |             |       |   |               |   |       |               |   |   |   |   |
|                                       |   | December 31,     |       |   | December 31,       |   |       |               |   |   |
| Balance Sheet Data                         |   | 2009             |       |   | 2008               |   |       |               |   |   |
|                                       |   |             |       |   |               |   |       |               |   |   |   |   |
| Total Assets                               |   | $                | 209,033    |   |               | $      | 132,397    |               |   |   |   |   |
| Total Liabilities                          |   |             | 416,297    |   |               |   | 51,257     |               |   |   |   |   |
| Total Liabilities and Stockholders' Equity |   |             | 209,033    |   |               |   | 132,397    |               |   |   |   |   |

----

|   | · | Capital and Funding – Seek to obtain capital from all available sources. |
|--------|--------|--------------------------------------------------------------------------------|

|   | · | Advertising and Marketing – Work with TKMG, LLC to develop brand identity, marketing materials, and our web site. Utilize all available marketing venues and public relations opportunities to promote the Company and its products. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Sales – Grow sales to 45-50 new cars, and 125-175 pre-owned cars per quarter. |
|--------|--------|-------------------------------------------------------------------------------------|

|   | · | Product Development – Continue to work with existing manufacturers and new manufacturers. |
|--------|--------|-------------------------------------------------------------------------------------------------|

|   | · | Franchise Development – Begin marketing the EVCARCO franchise concept and licensing of Company’s Trademarks, with the short term objective of securing several territories and establishing five to ten Dealer Development Candidates during 2010. Several candidates in various states have already been identified for dealer development. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Product Research and Development – Continue working on identifying and testing products and vehicles from U.S. companies, as well as foreign manufacturers, which can provide cleaner, safer, faster, and more economical forms of transportation, by utilizing the latest developments in the alternative fuel area |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                                                                                                                                                                                 | Page        |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------|
|                                                                                                                                                                                 |        |
| Report of Independent Registered Public Accounting Firm                                                                                                                              | F-1         |
|                                                                                                                                                                                 |        |
| Balance Sheet - December 31, 2009 and 2008  (Restated) (Audited)                                                                                                                | F-2         |
|                                                                                                                                                                                 |        |
| Statement of Operations - For the Year Ended December 31, 2009 and for the Period from Inception (October 14, 2008) Through December 31, 2008 (Restated) and 2009 (Audited)     | F-3         |
|                                                                                                                                                                                 |        |
| Statement of Stockholders' Equity - For the Period from Inception (October 14, 2008) to December 31, 2009 (Audited)                                                                  | F-4         |
|                                                                                                                                                                                 |        |
| Statement of Cash Flow - For the Year Ended December 31, 2009 and for the Period from Inception (October 14, 2008) Through December 31, 2008 (Restated) and 2009 (Audited) | F-5         |
|                                                                                                                                                                                 |        |
| Notes to Financial Statements - December 31, 2009 (Audited)                                                                                                                          | F-6 to F-13 |
|                                                                                                                                                                                 |        |

----

----

| EVCARCO, Inc.                                                                  |   |
|--------------------------------------------------------------------------------|--------|
| (A Development Stage Company)                                                  |   |
| Balance Sheets                                                                 |   |
|                                                                           |   |
|                                                                           |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |
|                                                                           |   | December 31, 2009 |   |   | December 31, 2008 |   |
|                                                                           |   |   |   |   | (Restated) |   |
| ASSETS                                                                         |
|                                                                           |   |   |   |   |   |   |
| Current assets                                                                 |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |
| Cash                                                                           |   | $ | 48,634 |   |   | $ | 22,467 |   |
| Inventory (see Note 3)                                                         |   |   | 10,546 |   |   |   | 102,229 |   |
| Other receivables                                                              |   |   | 4,213 |   |   |   | 0 |   |
| Prepaid expenses (see Note 4)                                                  |   |   | 136,667 |   |   |   | 0 |   |
|                                                                           |   |   |   |   |   |   |   |   |
| Total current assets                                                           |   |   | 200,060 |   |   |   | 124,696 |   |
|                                                                           |   |   |   |   |   |   |   |   |
| Facilities and equipment                                                       |   |   | 7,654 |   |   |   | 4,018 |   |
| Accumulated depreciation                                                       |   |   | (1,933 | ) |   |   | (321 | ) |
| Other assets                                                                   |   |   | 3,252 |   |   |   | 4,004 |   |
|                                                                           |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |
| TOTAL ASSETS                                                                   |   | $ | 209,033 |   |   | $ | 132,397 |   |
|                                                                           |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                           |
|                                                                           |   |   |   |   |   |   |   |   |
| Current liabilities                                                            |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |
| Accounts Payable                                                               |   | $ | 18,739 |   |   | $ | 0 |   |
| Accrued expenses                                                               |   |   | 30,726 |   |   |   | 4,369 |   |
| Accrued interest (related parties)                                             |   |   | 334 |   |   |   | 246 |   |
| Other payables                                                                 |   |   | 6,308 |   |   |   | 1,941 |   |
| Notes payable (see Note 5)                                                     |   |   | 88,910 |   |   |   | 0 |   |
| Loans payable to shareholders (see Note 6)                                     |   |   | 271,280 |   |   |   | 44,701 |   |
|                                                                           |   |   |   |   |   |   |   |   |
| Total current liabilities                                                      |   |   | 416,297 |   |   |   | 51,257 |   |
|                                                                           |   |   |   |   |   |   |   |   |
| Total liabilities                                                              |   |   | 416,297 |   |   |   | 51,257 |   |
|                                                                           |   |   |   |   |   |   |   |   |
| Stockholders' equity (see Note 10)                                             |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |
| 15,000,000 shares Series A Special Preferred Convertible                       |   |   |   |   |   |   |   |   |
|    Stock Authorized at $0.001/par value, none issued            |   |   | 0 |   |   |   | 0 |   |
| 180,000,000 shares Common Stock                                                |   |   |   |   |   |   |   |   |
|    Authorized at $0.001/par value                               |   |   |   |   |   |   |   |   |
| 61,125,500 and 52,530,000 shares                                               |   |   |   |   |   |   |   |   |
|    issued and outstanding, respectively                         |   |   | 61,126 |   |   |   | 52,530 |   |
| Additional paid-in capital                                                     |   |   | 891,964 |   |   |   | 119,670 |   |
| Deficit accumulated during development stage (see Note 8)                      |   |   | (1,160,354 | ) |   |   | (91,060 | ) |
|                                                                           |   |   |   |   |   |   |   |   |
| Total Stockholders' Equity/(Deficit)                                           |   |   | (207,264 | ) |   |   | 81,140 |   |
|                                                                           |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                     |   | $ | 209,033 |   |   | $ | 132,397 |   |
|                                                                           |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |
| The accompanying footnotes are an integral part of these financial statements. |   |   |   |   |   |

----

| EVCARCO, Inc.                                                                  |   |
|--------------------------------------------------------------------------------|--------|
| (A Development Stage Company)                                                  |   |
| Statements of Operations                                                       |   |
|                                                                           |   |
|                                                                           |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   | Inception |   |   | Inception |   |
|                                                                           |   |   |   |   | (October 14, 2008) |   |   | (October 14, 2008) |   |
|                                                                           |   |   |   |   | Through |   |   | Through |   |
|                                                                           |   | 2009 |   |   | December 31, 2008 |   |   | December 31, 2009 |   |
|                                                                           |   |   |   |   | (Restated) |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |
| Revenues                                                                       |   | $ | 887,755 |   |   | $ | 46,581 |   |   | $ | 934,336 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Revenues                                                                 |   |   | 887,755 |   |   |   | 46,581 |   |   |   | 934,336 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost of goods sold                                                             |   |   | 895,201 |   |   |   | 43,777 |   |   |   | 938,978 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross Profit                                                                   |   |   | (7,446 | ) |   |   | 2,804 |   |   |   | (4,642 | ) |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Sales and marketing expenses                                                   |   |   | 97,143 |   |   |   | 13,392 |   |   |   | 110,535 |   |
| General and administrative expenses                                            |   |   | 849,613 |   |   |   | 78,491 |   |   |   | 928,104 |   |
| Inventory adjustment                                                           |   |   | 82,853 |   |   |   | 0 |   |   |   | 82,853 |   |
| Depreciation and amortization                                                  |   |   | 2,364 |   |   |   | 446 |   |   |   | 2,810 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                                                       |   |   | 1,031,973 |   |   |   | 92,329 |   |   |   | 1,124,302 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Profit                                                               |   |   | (1,039,419 | ) |   |   | (89,525 | ) |   |   | (1,128,944 | ) |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Other income/(loss)                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest income                                                                |   |   | 195 |   |   |   | 94 |   |   |   | 289 |   |
| Interest expense (related parties)                                             |   |   | (5,114 | ) |   |   | (747 | ) |   |   | (5,861 | ) |
| Interest expense                                                               |   |   | (24,956 | ) |   |   | (882 | ) |   |   | (25,838 | ) |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Other Income/(Loss)                                                      |   |   | (29,875 | ) |   |   | (1,535 | ) |   |   | (31,410 | ) |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Income (loss) before taxes                                                     |   |   | (1,069,294 | ) |   |   | (91,060 | ) |   |   | (1,160,354 | ) |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax (expense) benefit                                                   |   |   | 0 |   |   |   | 0 |   |   |   | 0 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                                              |   | $ | (1,069,294 | ) |   | $ | (91,060 | ) |   | $ | (1,160,354 | ) |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic (loss) / earnings per share                                              |   |   | (0.02 | ) |   |   | (0.00 | ) |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|   common shares outstanding                                               |   |   | 54,717,104 |   |   |   | 52,246,329 |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying footnotes are an integral part of these financial statements. |   |   |   |   |   |

----

| EVCARCO, Inc.                                                                  |   |
|--------------------------------------------------------------------------------|--------|
| (A Development Stage Company)                                                  |   |
| Statement of Stockholders' Equity                                              |   |
| Inception (October 14, 2008) Through December 31, 2009                         |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   | Deficit |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   | accumulated |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   | Additional |   |   | during the |   |   |   |   |
|                                                                           |   | Common stock |   |   | paid-in |   |   | development |   |   |   |   |
|                                                                           |   | Shares |   |   | Amount |   |   | capital |   |   | stage |   |   | Total |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Founders' stock issued @ $0.0003/sh. Oct. 2008                                 |   |   | 46,500,000 |   |   | $ | 46,500 |   |   | $ | (31,000 | ) |   | $ | - |   |   | $ | 15,500 |   |
| Stock issued for services @ $0.0003/sh. Oct. 2008                              |   |   | 5,100,000 |   |   |   | 5,100 |   |   |   | (3,400 | ) |   |   |   |   |   |   | 1,700 |   |
| Stock issued for cash @ $0.1667/sh. Oct. 2008                                  |   |   | 306,000 |   |   |   | 306 |   |   |   | 50,694 |   |   |   |   |   |   |   | 51,000 |   |
| Stock issued for cash @ $0.1667/sh. Nov. 2008                                  |   |   | 612,000 |   |   |   | 612 |   |   |   | 101,388 |   |   |   |   |   |   |   | 102,000 |   |
| Stock issued for cash @ $0.1667/sh. Dec. 2008                                  |   |   | 12,000 |   |   |   | 12 |   |   |   | 1,988 |   |   |   |   |   |   |   | 2,000 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (91,060 | ) |   |   | (91,060 | ) |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance December 31, 2008 (Restated)                                           |   |   | 52,530,000 |   |   | $ | 52,530 |   |   | $ | 119,670 |   |   | $ | (91,060 | ) |   | $ | 81,140 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock issued for cash @ $0.1667/sh. Jan. 2009                                  |   |   | 123,000 |   |   |   | 123 |   |   |   | 20,377 |   |   |   |   |   |   |   | 20,500 |   |
| Stock issued for services @ $0.1667/sh. Feb. 2009                              |   |   | 6,000 |   |   |   | 6 |   |   |   | 994 |   |   |   |   |   |   |   | 1,000 |   |
| Stock issued for property @ $0.19/sh. Jul. 2009                                |   |   | 1,406,000 |   |   |   | 1,406 |   |   |   | 265,734 |   |   |   |   |   |   |   | 267,140 |   |
| Stock issued for cash @ $0.50/sh. Jul. 2009                                    |   |   | 1,500 |   |   |   | 2 |   |   |   | 748 |   |   |   |   |   |   |   | 750 |   |
| Stock issued for services @ $0.50/sh. Jul. 2009                                |   |   | 600,000 |   |   |   | 600 |   |   |   | 299,400 |   |   |   |   |   |   |   | 300,000 |   |
| Founders' stock issued @ $0.0003/sh. Oct. 2009                                 |   |   | 6,000,000 |   |   |   | 6,000 |   |   |   | (4,000 | ) |   |   |   |   |   |   | 2,000 |   |
| Stock issued for loan @ $0.1667/sh. Oct. 2009                                  |   |   | 120,000 |   |   |   | 120 |   |   |   | 19,880 |   |   |   |   |   |   |   | 20,000 |   |
| Stock issued for services @ $0.50/sh. Oct. 2009                                |   |   | 90,000 |   |   |   | 90 |   |   |   | 44,910 |   |   |   |   |   |   |   | 45,000 |   |
| Stock issued for cash @ $0.50/sh. Oct. 2009                                    |   |   | 105,000 |   |   |   | 105 |   |   |   | 52,395 |   |   |   |   |   |   |   | 52,500 |   |
| Stock issued for cash @ $0.50/sh. Nov. 2009                                    |   |   | 14,000 |   |   |   | 14 |   |   |   | 6,986 |   |   |   |   |   |   |   | 7,000 |   |
| Stock issued for cash @ $0.50/sh. Dec. 2009                                    |   |   | 130,000 |   |   |   | 130 |   |   |   | 64,870 |   |   |   |   |   |   |   | 65,000 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,069,294 | ) |   |   | (1,069,294 | ) |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance December 31, 2009                                                      |   |   | 61,125,500 |   |   | $ | 61,126 |   |   | $ | 891,964 |   |   | $ | (1,160,354 | ) |   | $ | (207,264 | ) |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying footnotes are an integral part of these financial statements. |   |   |   |   |   |   |   |   |   |

----

| EVCARCO, Inc.                                                                  |   |
|--------------------------------------------------------------------------------|--------|
| (A Development Stage Company)                                                  |   |
| Statements of Cash Flows                                                       |   |
|                                                                           |   |
|                                                                           |   |   |   |   | Inception |   |   | Inception |   |
|                                                                           |   |   |   |   | (October 14, 2008) |   |   | (October 14, 2008) |   |
|                                                                           |   |   |   |   | Through |   |   | Through |   |
|                                                                           |   | 2009 |   |   | December 31, 2008 |   |   | December 31, 2009 |   |
|                                                                           |   |   |   |   | (Restated) |   |   |   |   |
| Operating activities:                                                          |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                                              |   | $ | (1,069,294 | ) |   | $ | (91,060 | ) |   | $ | (1,160,354 | ) |
| Adjustments to reconcile net loss to net cash flows                            |   |   |   |   |   |   |   |   |   |   |   |   |
| provided by operating activities:                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization                                                  |   |   | 2,364 |   |   |   | 446 |   |   |   | 2,810 |   |
| Consulting expenses (stock)                                                    |   |   | 209,333 |   |   |   | 1,700 |   |   |   | 211,033 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Change in operating assets and liabilities:                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Inventory                                                                      |   |   | 91,683 |   |   |   | (102,229 | ) |   |   | (10,546 | ) |
| Other receivables                                                              |   |   | (4,213 | ) |   |   | - |   |   |   | (4,213 | ) |
| Other assets                                                                   |   |   | - |   |   |   | (4,129 | ) |   |   | (4,129 | ) |
| Accounts payable                                                               |   |   | 18,739 |   |   |   | - |   |   |   | 18,739 |   |
| Accrued expenses                                                               |   |   | 26,357 |   |   |   | 4,369 |   |   |   | 30,726 |   |
| Accrued interest (related parties)                                             |   |   | 88 |   |   |   | 246 |   |   |   | 334 |   |
| Other payables                                                                 |   |   | 4,367 |   |   |   | 1,941 |   |   |   | 6,308 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Net cash flows provided by (used in) operating activities                      |   |   | (720,576 | ) |   |   | (188,716 | ) |   |   | (909,292 | ) |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Investing activities:                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Purchase of facilities and equipment                                           |   |   | (3,636 | ) |   |   | (4,018 | ) |   |   | (7,654 | ) |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Net cash flows provided by (used in) investing activities                      |   |   | (3,636 | ) |   |   | (4,018 | ) |   |   | (7,654 | ) |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Financing activities:                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Proceeds from loans payable                                                    |   |   | 88,910 |   |   |   | - |   |   |   | 88,910 |   |
| Proceeds from loans payable (related parties)                                  |   |   | 226,579 |   |   |   | 44,701 |   |   |   | 271,280 |   |
| Issuance of common stock                                                       |   |   | 434,890 |   |   |   | 170,500 |   |   |   | 605,390 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Net cash flows provided by (used in) financing activities                      |   |   | 750,379 |   |   |   | 215,201 |   |   |   | 965,580 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Increase (decrease) in cash and cash equivalents                               |   |   | 26,167 |   |   |   | 22,467 |   |   |   | 48,634 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash at beginning of period                                                    |   |   | 22,467 |   |   |   | 0 |   |   |   | 0 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash at end of period                                                          |   | $ | 48,634 |   |   | $ | 22,467 |   |   | $ | 48,634 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash paid for:                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                                                                       |   | $ | 24,956 |   |   | $ | 882 |   |   | $ | 25,838 |   |
| Interest (related parties)                                                     |   |   | 5,026 |   |   |   | 501 |   |   |   | 5,527 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-cash activities:                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock issued for property                                                      |   | $ | 267,140 |   |   | $ | - |   |   | $ | 267,140 |   |
| Stock issued for services                                                      |   |   | 346,000 |   |   |   | 1,700 |   |   |   | 347,700 |   |
| Srock issued for loans                                                         |   |   | 20,000 |   |   |   | - |   |   |   | 20,000 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying footnotes are an integral part of these financial statements. |   |   |   |   |   |

----

|   | (i) | Persuasive evidence for an agreement exists; |
|--------|-----|----------------------------------------------|

|   | (ii) | Delivery has occurred; |
|--------|------|------------------------|

|   | (iii) | The fee is fixed or determinable; and |
|--------|-------|---------------------------------------|

|   | (iv) | Collectability is reasonably assured. |
|--------|------|---------------------------------------|

----

----

----

----

|               |   | Dec. 31, 2009 |   |   | Dec. 31, 2008 |   |
|--------------------|--------|---------------|--------|--------|---------------|--------|
|               |   |          |   |   |          |   |
| New vehicles       |   | $             | 0      |   |          | $      | 47,729 |   |
| Pre-owned vehicles |   |          | 3,550  |   |          |   | 54,500 |   |
| Other items        |   |          | 6,996  |   |          |   | 0 |   |
|               |   |          |   |   |          |   |   |   |
| Total inventory    |   | $             | 10,546 |   |          | $      | 102,229 |   |

----

----

|                                                               |   | Dec. 31, 2009 |          |   | Dec. 31, 2008 |   |
|--------------------------------------------------------------------|--------|---------------|---------------|--------|---------------|--------|
|                                                               |   |          |          |   |          |   |
| Deferred tax assets:                                               |   |          |          |   |          |   |
|    Intangible assets                                |   | $             | 4,176         |   |          | $      | 4,478 |   |
|    Syndication costs                                |   |          | 8,500         |   |          |   | 8,500 |   |
|    Accrued liabilities                              |   |          | 148,436       |   |          |   | - |   |
|    Sec. 179 deduction                               |   |          | 2,181         |   |          |   | - |   |
|    Net operating loss carryforwards                 |   |          | 276,195       |   |          |   | 16,778 |   |
|                                                               |   |          |          |   |          |   |   |   |
|       Total deferred tax assets      |   |          | 439,488       |   |          |   | 29,756 |   |
|                                                               |   |          |          |   |          |   |   |   |
| Deferred tax liabilities:                                          |   |          |          |   |          |   |   |   |
|    Prepaid expenses                                 |   |          | (46,467       | )      |          |   | - |   |
|    Facilities and equipment                         |   |          | (1,538        | )      |          |   | (838 | ) |
|                                                               |   |          |          |   |          |   |   |   |
|       Total deferred tax liabilities |   |          | (48,005       | )      |          |   | (838 | ) |
|                                                               |   |          |          |   |          |   |   |   |
| Net deferred tax assets before valuation allowance                 |   |          |  391,483 |   |          |   |  28,918 |   |
| Less: Valuation allowance                                          |   |          | (391,483      | )      |          |   | (28,918 | ) |
| Net deferred tax assets                                            |   | $             | -             |   |          | $      | - |   |

----

|                                       |   | Inception (October 14, 2008)Through December 31, 2008 |     |
|--------------------------------------------|--------|-------------------------------------------------------|----------|
|                                       |   | Original                                              |     |   | Restated |   |   | Change |   |
| BALANCE SHEET                              |   |                                                  |     |   |   |   |   |   |   |
| Current assets                             |   | $                                                     | 124,696  |   |   | $ | 124,696 |   |   | $ | - |   |
| Property and equipment, net                |   |                                                  | 3,697    |   |   |   | 3,697 |   |   |   | - |   |
| Other assets                               |   |                                                  | 29,129   |   |   |   | 4,004 |   |   |   | (25,125 | ) |
| Total Assets                               |   |                                                  | 157,522  |   |   |   | 132,397 |   |   |   | (25,125 | ) |
|                                       |   |                                                  |     |   |   |   |   |   |   |   |   |   |
| Total liabilities                          |   |                                                  | 66,923   |   |   |   | 51,257 |   |   |   | (15,666 | ) |
| Common stock                               |   |                                                  | 930      |   |   |   | 52,530 |   |   |   | 51,600 |   |
| Paid in capital                            |   |                                                  | 154,070  |   |   |   | 119,670 |   |   |   | (34,400 | ) |
| Accumulated deficit                        |   |                                                  | (64,401  | ) |   |   | (91,060 | ) |   |   | (26,659 | ) |
| Total stockholders’ equity           |   |                                                  | 90,599   |   |   |   | 81,140 |   |   |   | (9,459 | ) |
| Total liabilities and stockholders' equity |   | $                                                     | 157,522  |   |   | $ | 132,397 |   |   | $ | (25,125 | ) |
|                                       |   |                                                  |     |   |   |   |   |   |   |   |   |   |
| STATEMENT OF OPERATIONS                    |   |                                                  |     |   |   |   |   |   |   |   |   |   |
| Loss from operations                       |   | $                                                     | (62,700  | ) |   | $ | (89,525 | ) |   | $ | (26,825 | ) |
| Total other income/(loss)                  |   |                                                  | (1,701   | ) |   |   | (1,535 | ) |   |   | 166 |   |
| Net loss                                   |   | $                                                     | (64,401  | ) |   | $ | (91,060 | ) |   | $ | (26,659 | ) |
| Net loss per share                         |   |                                                  | (0.10    | ) |   |   | (0.00 | ) |   |   |   |   |
|                                       |   |                                                  |     |   |   |   |   |   |   |   |   |   |
| STATEMENT OF CASH FLOWS                    |   |                                                  |     |   |   |   |   |   |   |   |   |   |
| Operating activities                       |   | $                                                     | (182,309 | ) |   | $ | (188,716 | ) |   | $ | (6,407 | ) |
| Investing activities                       |   |                                                  | (4,018   | ) |   |   | (4,018 | ) |   |   | - |   |
| Financing activities                       |   |                                                  | 208,794  |   |   |   | 215,201 |   |   |   | 6,407 |   |
| Cash                                       |   | $                                                     | 22,467   |   |   | $ | 22,467 |   |   | $ | - |   |

----

----

| Name           |   | Age |   | Position                                                        |
|----------------|--------|-----|--------|-----------------------------------------------------------------|
| Dale Long      |   | 49  |   | President, Chief Executive Officer and Director                 |
| Nikolay Frolov |   | 37  |   | Chief Financial Officer, Treasurer and Director                 |
| Scott O'Neal   |   | 39  |   | Chief Operating Officer, Secretary, Vice President and Director |
| Edouard Prous  |   | 34  |   | Chief Technology Officer, Vice President and Director           |

----

----

|            |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   | Non-Equity |   |   | Non-qualified |   |   |   |   |   |   |   |
|-----------------|--------|--------|--------|--------|---------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|------------|--------|--------|---------------|--------|--------|--------|--------|--------|--------|--------|
|            |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   | Incentive  |   |   | Deferred      |   |   | All    |   |   |   |   |
| Name and        |   |   |   |   |    |   |   |   |   | Stock  |   |   | Option |   |   | Plan       |   |   | Comp.         |   |   | Other  |   |   |   |   |
| Principal       |   |   |   | Salary |    |   | Bonus  |   |   | Awards |   |   | Awards |   |   | Comp.      |   |   | Earnings      |   |   | Comp.  |   |   | Total  |   |
| Position        |   | Year   |   | ($)    |    |   | ($)    |   |   | ($)    |   |   | ($)    |   |   | ($)        |   |   | ($)           |   |   | ($)    |   |   | ($)    |   |
| Dale Long,      |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |       |   |   |          |   |   |   |   |   |   |   |
| President, CEO  |   | 2009   |   |   | 125,400 |   |   |   | -      |   |   |   | -      |   |   |       | -      |   |          |   | -      |   |   |   | -      |   |   |   | - |   |   |   | 125,400 |   |
| and Director    |   | 2008   |   |   | 2,000   |   |   |   | -      |   |   |   | -      |   |   |       | -      |   |          |   | -      |   |   |   | -      |   |   |   | - |   |   |   | 2,000 |   |
| Nikolay Frolov, |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CFO, Treasurer  |   | 2009   |   |   | 48,000  |   |   |   | -      |   |   |   | -      |   |   |       | -      |   |          |   | -      |   |   |   | -      |   |   |   | - |   |   |   | 48,000 |   |
| and Director    |   | 2008   |   |   | -       |   |   |   | -      |   |   |   | -      |   |   |       | -      |   |          |   | -      |   |   |   | -      |   |   |   | - |   |   |   | - |   |
| Scott O'Neal,   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| COO, Secretary  |   | 2009   |   |   | 120,200 |   |   |   | -      |   |   |   | -      |   |   |       | -      |   |          |   | -      |   |   |   | -      |   |   |   | - |   |   |   | 120,200 |   |
| VP and Director |   | 2008   |   |   | 2,000   |   |   |   | -      |   |   |   | -      |   |   |       | -      |   |          |   | -      |   |   |   | -      |   |   |   | - |   |   |   | 2,000 |   |
| Edouard Prous,  |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CTO, VP and     |   | 2009   |   |   | 110,770 |   |   |   | -      |   |   |   | -      |   |   |       | -      |   |          |   | -      |   |   |   | -      |   |   |   | - |   |   |   | 110,770 |   |
| Director        |   | 2008   |   |   | 2,000   |   |   |   | -      |   |   |   | -      |   |   |       | -      |   |          |   | -      |   |   |   | -      |   |   |   | - |   |   |   | 2,000 |   |

----

|            |   |   |   | Fees    |   |   |   |   |   |   |   |   | Non-Equity |   |   | Non-qualified |   |   |   |   |   |   |   |
|-----------------|--------|--------|--------|---------|--------|--------|--------|--------|--------|--------|--------|--------|------------|--------|--------|---------------|--------|--------|--------|--------|--------|--------|--------|
|            |   |   |   | Earned  |   |   |   |   |   |   |   |   | Incentive  |   |   | Deferred      |   |   | All    |   |   |   |   |
| Name and        |   |   |   | or Cash |   |   | Stock  |   |   | Option |   |   | Plan       |   |   | Comp.         |   |   | Other  |   |   |   |   |
| Principal       |   |   |   | Paid    |   |   | Awards |   |   | Awards |   |   | Comp.      |   |   | Earnings      |   |   | Comp.  |   |   | Total  |   |
| Position        |   | Year   |   | ($)     |   |   | ($)    |   |   | ($)    |   |   | ($)        |   |   | ($)           |   |   | ($)    |   |   | ($)    |   |
| Dale Long,      |   |   |   |    |   |   |   |   |   |   |   |   |       |   |   |          |   |   |   |   |   |   |   |
| President, CEO  |   | 2009   |   |    | -      |   |   |   | -      |   |   |   | -          |   |   |          | -      |   |   |   | -      |   |   |   | - |   |   |   | - |   |
| and Director    |   | 2008   |   |    | -      |   |   |   | -      |   |   |   | -          |   |   |          | -      |   |   |   | -      |   |   |   | - |   |   |   | - |   |
| Nikolay Frolov, |   |   |   |    |   |   |   |   |   |   |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CFO, Treasurer  |   | 2009   |   |    | -      |   |   |   | -      |   |   |   | -          |   |   |          | -      |   |   |   | -      |   |   |   | - |   |   |   | - |   |
| and Director    |   | 2008   |   |    | -      |   |   |   | -      |   |   |   | -          |   |   |          | -      |   |   |   | -      |   |   |   | - |   |   |   | - |   |
| Scott O'Neal,   |   |   |   |    |   |   |   |   |   |   |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| COO, Secretary  |   | 2009   |   |    | -      |   |   |   | -      |   |   |   | -          |   |   |          | -      |   |   |   | -      |   |   |   | - |   |   |   | - |   |
| VP and Director |   | 2008   |   |    | -      |   |   |   | -      |   |   |   | -          |   |   |          | -      |   |   |   | -      |   |   |   | - |   |   |   | - |   |
| Edouard Prous,  |   |   |   |    |   |   |   |   |   |   |   |   |       |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CTO, VP and     |   | 2009   |   |    | -      |   |   |   | -      |   |   |   | -          |   |   |          | -      |   |   |   | -      |   |   |   | - |   |   |   | - |   |
| Director        |   | 2008   |   |    | -      |   |   |   | -      |   |   |   | -          |   |   |          | -      |   |   |   | -      |   |   |   | - |   |   |   | - |   |

----

|     |   |                                                            |   | Amount and Nature |       |   |       |   |
|----------|--------|-----------------------------------------------------------------|--------|-------------------|------------|--------|------------|--------|
| Title of |   |                                                            |   | of Beneficial     |       |   |       |   |
| Class    |   | Name of Beneficial Owner                                        |   | Ownership         |       |   | Percentage |   |
| Common   |   | Dale Long,                                                      |   |              | 14,963,500 |   |       |   | 24.48 | % |
| Stock    |   | President, Chief Executive Officer and Director                 |   |              |       |   |       |   |   |   |
| Common   |   | Nikolay Frolov                                                  |   |              | 7,495,000  |   |       |   | 12.26 | % |
| Stock    |   | Chief Financial Officer, Treasurer and Director                 |   |              |       |   |       |   |   |   |
| Common   |   | Scott O'Neal                                                    |   |              | 14,968,700 |   |       |   | 24.49 | % |
| Stock    |   | Chief Operating Officer, Secretary, Vice President and Director |   |              |       |   |       |   |   |   |
| Common   |   | Edouard Prous                                                   |   |              | 14,982,300 |   |       |   | 24.51 | % |
| Stock    |   | Chief Technical Officer, Vice President and Director            |   |              |       |   |       |   |   |   |
|     |   |                                                            |   |              |       |   |       |   |   |   |
|     |   | All Officers and Directors as a Group                           |   |              | 52,409,500 |   |       |   | 85.74 | % |
|     |   |                                                            |   |              |       |   |       |   |   |   |
|     |   | Total  shares outstanding                             |   |              | 61,125,500 |   |       |   |   |   |

|               |   | 2009   |   |   | 2008   |   |
|--------------------|--------|--------|--------|--------|--------|--------|
|               |   |   |   |   |   |   |
| Audit fees         |   | $      | 7,000  |   |   | $      | - |   |
| Audit-related fees |   |   | 7,921  |   |   |   | - |   |
| Tax fees           |   |   | -      |   |   |   | - |   |
| All other fees     |   |   | -      |   |   |   | - |   |
|               |   | $      | 14,921 |   |   | $      | - |   |

----

| Exhibit No. | Description                                                                                                                                                             |
|-------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1         | Articles of Incorporation of Registrant (1)                                                                                                                             |
| 3.2         | Bylaws of Registrant (1)                                                                                                                                                |
| 3.3         | Amendment to Articles of Incorporation (2)                                                                                                                         |
| 3.4         | Certificate of Designation (2)                                                                                                                                     |
| 3.5         | Amended and Restated Bylaws of the Registrant (4)                                                                                                                       |
| 5.1         | Legal Opinion and Consent of The O’Neal Law Firm, P.C.                                                                                                            |
| 10.1        | Memorandum of Understanding (Electric City Motor North America) (3)                                                                                                     |
| 10.2        | Memorandum of Understanding (Ronn Motor Company) (3)                                                                                                                    |
| 10.3        | Evidence of Franchise (3)                                                                                                                                               |
| 10.4        | Retailer Agreement (3)                                                                                                                                                  |
| 23          | Consent of Independent Registered Public Accounting Firm                                                                                                           |
| 31.1*       | Certification Pursuant to Rules 13a-14(a) and 15d-14(a) Under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 31.2*       | Certification Pursuant to Rules 13a-14(a) and 15d-14(a) Under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 32*         | Certification Pursuant to Section 902 of the Sarbanes-Oxley Act of 2002 (Subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code)           |

| *      | Filed herewith. |
|--------|-----------------|
|   |            |

----

|   | EVCARCO, INC.                                   |   |
|--------|-------------------------------------------------|--------|
|   |                                            |   |
|   | /s/  DALE LONG                             |   |
|   | Dale Long                                       |   |
|   | President, Chief Executive Officer and Director |   |
|   |                                            |   |

| Signatures                         | Title                                      |
|-----------------------------------------|-------------------------------------------------|
|                                    |                                            |
| /s/  DALE LONG           | President, Chief Executive Officer and Director |
| (Dale Long)                             | (Principal Executive Officer)                   |
|                                    |                                            |
| /s/  NIKOLAY FROLOV      | Chief Financial Officer, Treasurer and Director |
| (Nikolay Frolov)                        | (Principal Financial and Accounting Officer)    |
|                                    |                                            |
| /s/  SCOTT O’NEAL  | Chief Operating Officer, Secretary,             |
| (Scott O’Neal)                    | Vice President and Director                     |
|                                    |                                            |
| /s/  EDOUARD PROUS       | Chief Technology Officer, Vice President        |
| (Edouard Prous)                         | and Director                                    |
|                                    |                                            |
|                                    |                                            |
|                                    |                                            |

----

| Exhibit No. | Description                                                                                                                                                             |
|-------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1         | Articles of Incorporation of Registrant (1)                                                                                                                             |
| 3.2         | Bylaws of Registrant (1)                                                                                                                                                |
| 3.3         | Amendment to Articles of Incorporation (2)                                                                                                                         |
| 3.4         | Certificate of Designation (2)                                                                                                                                     |
| 3.5         | Amended and Restated Bylaws of the Registrant (4)                                                                                                                       |
| 5.1         | Legal Opinion and Consent of The O’Neal Law Firm, P.C.                                                                                                            |
| 10.1        | Memorandum of Understanding (Electric City Motor North America) (3)                                                                                                     |
| 10.2        | Memorandum of Understanding (Ronn Motor Company) (3)                                                                                                                    |
| 10.3        | Evidence of Franchise (3)                                                                                                                                               |
| 10.4        | Retailer Agreement (3)                                                                                                                                                  |
| 23          | Consent of Independent Registered Public Accounting Firm                                                                                                           |
| 31.1*       | Certification Pursuant to Rules 13a-14(a) and 15d-14(a) Under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 31.2*       | Certification Pursuant to Rules 13a-14(a) and 15d-14(a) Under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 32*         | Certification Pursuant to Section 902 of the Sarbanes-Oxley Act of 2002 (Subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code)           |

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