LEVC OPENS ORDER BOOK FOR THE ALL-NEW TX, THE MOST ADVANCED GREEN TAXI IN THE WORLD

Typical driver to save £100 per week on fuel, dramatically lowering running costs to enable transition to world class electric taxi

LEVC - the London EV Company – formerly London Taxi Company, confirms costs and prices for all new TX with eCity technology:

Finance package, at £177 weekly equivalent price, inclusive of the battery over 5 years.Typical fuel saving for average driver of a £100 per week over current model.

Full retail price for the new TX is £55,599 OTR inclusive of battery.

Compelling UK launch offer on warranty and servicing with roadside assistance programme all inclusive:

Five years full unlimited mileage battery warranty – industry leading for commercial EVs; Three years/90k miles free servicing; Three years/120k miles full vehicle warranty to include roadside assistance programme.

Tuesday 1 August 2017, London, England: On the 1st August LEVC (London EV Company) opens its order book for the all-new TX electric taxi with eCity technology. 

Ahead of taking deposits for the first time and opening the order book, LEVC confirms final pricing and indicative running costs for the all-new TX model. The launch finance package – through which more than 90% of drivers are expected to buy the new TX – is confirmed at £177 per week, including the battery over five years. The outgoing TX4 model was priced at £167 per week over four years. 

LEVC’s Commercial Director, Richard Gordon, said: “I am delighted to announce such a competitive package for the new electric TX. Market leading in every way, this is a truly outstanding new vehicle that will revolutionise the taxi trade in London from an emissions perspective, for passenger comfort, experience and enjoyment, and importantly for the drivers.”

Welcoming the opening of order book, Steve McNamara of the Licensed Taxi Drivers Association commented:

"The taxi trade welcomes the arrival of this ultra clean 21st century vehicle that can only help us to win business back from private hire. We recognise the serious issues around air quality in London and cities around the UK, and look forward to offering emission free personal transport to Londoners and visitors alike."

The all new electric TX is based on eCity technology comprising a battery electric power train with range extender providing over 400 miles range between charges including well in excess of 70 miles with zero emissions.

The technology is purposefully designed for commercial operators that face demanding and unpredictable duty cycles which require complete range assurance, but also significant zero emissions capability for city centre operations.

As well as offering complete range assurance and flexibility, the TX with its eCity technology will also significantly reduce costs for taxi drivers. Currently, a taxi driver using the outgoing TX4 Euro 6 model with its 2.7-litre diesel engine, and driving an average of 115 miles per day, will spend around £150 per week on fuel. A taxi driver operating the same cycle in a new TX is estimated to save £100 per week on fuel.

Commenting on the fuel savings drivers will benefit from, LEVC’s Commercial Director, Richard Gordon, said:

“Taking in to consideration the fuel costs of the TX, over the course of a week, it represents a really impressive savings of £100. We look forward to welcoming customers old and new in to our showroom as of this week with our order book now open.”

Servicing of the TX will be easier and more reassured than ever, with LEVC’s UK launch offering of three years free servicing or 90,000 miles on the all new electric TX, as well as a full five-year unlimited mileage battery warranty and a full three year, 120,000 miles vehicle warranty. LEVC’s battery warranty is industry leading for commercial vehicles.

From the 1st August drivers that have registered their interest in the all new TX will be invited to a product preview where they will be taken through financing options, TX specifications, option packs, and given a personalised purchase proposition to suit their work patterns and individual circumstances. Drivers that have not yet registered their interest can do so at www.theelectrictaxi.co.uk.

Stephen Jones, Treasurer at United Cabbies Group, has today previewed the TX in Brewery Road, and had this to say:

London Taxi Company’s (LTC) relaunch as LEVC marks the next stage in the company’s transformation. Underpinned by an investment totalling £325million, LEVC, a wholly-owned subsidiary of Geely, has the single-minded ambition to be the urban commercial vehicle provider of choice for cities around the world – with the production of the TX to be closely followed by a new commercial vehicle, also powered by eCity technology and offered internationally. ​​

[1] Business users only. Terms and conditions apply. Finance offer available on Personal Contract Purchase 6.9% APR Representative; figures based on TX at £55,599 OTR with a customer deposit of £3,250 followed by 60 monthly payments of £764.46 (equivalent weekly payments of £176.41) plus an optional final payment of £18,880 (including an option to purchase fee of £10). Based upon an annual contracted mileage of 30,000 (150,000 miles over term). All prices inclusive of VAT. Finance is provided by Black Horse Taxi Finance a trading style of Black Horse Ltd, St William House, Tresillian Terrace, Cardiff CF10 5BH.

[2] Compared to a TX4 euro 6, A new TX will save a driver £100 a week in fuel based on 115 miles per day, five days per week. Assumptions: Petrol 116.7 ppl, Diesel 117.7 ppl, 14p/kWh. Overnight charge and 45 min day time top up charge. Fuel consumption based on 70% of official combined economy figure.

[3] Figure is net of OLEV Plug in Taxi Grant which is up to £7,500; which is subject to European Whole Vehicle Type Approval and European Commission state aid notification.