TX5 (1)

MQT on 2017-12-14
Session date: 
December 14, 2017
Question By: 
David Kurten
Asked Of: 
The Mayor


What is the cost of a new TX5?


Answer for TX5 (1)

Answer for TX5 (1)

Answered By: 
The Mayor

The new LEVC TX costs in the region of £65,000 excluding grants. A number of grants are available for the purchase of a new zero emission capable (ZEC) taxi. Firstly, a Government-led Plug-in Taxi Grant is available, which will give taxi owners up to £7,500 off the price of a new ZEC taxi.

Transport for London is also funding a scheme which offers owners of the oldest, most polluting taxis a payment of up to £5,000 to remove their vehicle from London's taxi fleet and to help make the switch to ZEC vehicles sooner than planned. This payment can then be invested by the owner towards the purchase of a new ZEC vehicle.