LEVC Unveils £1500 Finance Support For Electric Taxi Buyers After Grant Reduction
In a significant move to support the adoption of green transportation, LEVC has introduced a new finance deposit contribution for its TX electric taxi. This initiative comes as a direct response to the recent reduction in the Plug-in Taxi Grant (PiTG), which saw a decrease from £7,500 to £6,000 at the beginning of April 2024. LEVC's campaign aims to fully offset this reduction by offering a £1,500 deposit contribution on all new TX taxi models. This offer is available across all finance types provided by LEVC Financial Services, requiring zero customer deposit and featuring a subsidised finance rate of 10.51% APR representative.
Since its launch in 2018, the TX electric taxi has seen growing demand, marking a significant shift towards zero-emission capable vehicles within London's iconic black cab fleet. Now, more than half of these taxis are capable of operating without emitting any CO2, thanks to LEVC's innovative electric model. The TX is not only popular in the UK but has also made its mark in over 25 countries worldwide, contributing to cleaner and more accessible urban mobility.
LEVC's electric TX taxi has made a substantial environmental impact by preventing over 240,000 tonnes of CO2 emissions, thanks to its advanced eCity technology. This technology has powered the global TX fleet to travel more than 780 million miles, underscoring the vehicle's role in promoting sustainable urban transportation solutions.
Chris Allen, Managing Director at LEVC, highlighted the necessity of this new finance offer amidst rising national interest rates and the recent PiTG reduction. Allen emphasized LEVC's commitment to supporting drivers in their transition to greener taxis and mentioned ongoing discussions with the government for long-term support measures for the trade.
Furthermore, LEVC has announced its plans to expand beyond manufacturing the world's most advanced taxis. The introduction of its Space Oriented Architecture (SOA) marks a pivotal step towards becoming a leading zero-carbon mobility technology company. This innovative EV platform is set to redefine standards for onboard space and accessibility, enabling LEVC to venture into new sectors beyond its existing models.
LEVC's journey began in 1908 with the creation of London's first dedicated black cab. Over a century later, the company continues to innovate with the electric TX taxi, manufactured at its state-of-the-art facility in Ansty, Coventry. Supported by over £500m investment from Geely since 2014, LEVC is poised for growth as it embraces its new strategy focused on delivering smart, green, safe, and accessible mobility solutions.
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