The Low Carbon Hackney Cab Loan is a new initiative which offers interest-free loans of up to £120,000.
Loans are made available from Energy Saving Trust, funded by Transport Scotland (an agency of the Scottish Government). For ultra-low emission hackney cabs like the TX Electric Taxi, Energy Saving Trust will provide interest-free loans up to £120,000 to replace conventional internal combustion engine (ICE) hackney cabs regardless of age.
Low Carbon Workspaces offers small & medium sized business grants of between £1,000 - £5,000 to cover up the cost of making energy or resource efficiency improvements, such as purchasing an electric taxi.
Low Carbon Workspaces is open to private businesses in Buckinghamshire (maximum grant £2,500), Hertfordshire and the Black Country (maximum grant £5,000).
The programme is funded by the European Regional Development Fund (ERDF) and managed by Ngage Solutions, a not-for-profit company, that specialises in the design and delivery of grant schemes and business support programmes. We work closely with the Growth Hubs, Local Enterprise Partnerships, local authorities, business organisations and other grant schemes in each area.
In March 2017 the Department for Transport announced a further £64 million of investment to promote the use of electric taxis.
This money will support drivers in two important ways:
1. A £50 million Plug-in Taxi Grant programme. This will give taxi drivers up to £7,500 off the price of a new vehicle. Taxi drivers who switch to the new electric cabs could also save around £2,800 in fuel costs a year.
2. £14 million of investment will deliver new dedicated charging points for electric taxis in 10 council areas. These include:
|Birmingham (£2.9 million)||Coventry (£1.2 million)|
|London (£5.2 million)||Nottingham (£700,000)|
|Dundee (£515,000)||The West Yorkshire Combined Authority (£1.98 million)|
|Oxford (£370,000)||Cambridge (£426,000)|
|Wolverhampton (£478,000)||Slough (£157,000)|
These projects are expected to deliver around 400 rapid and 150 fast charging points which will enable the take-up of around 23,000 ULEV taxis nationally including supporting existing plug in private hire vehicles.
Following the announcement of £24m funding from the Mayor of London, TfL has re-launched its enhanced delicensing fund that supports taxi drivers who want to delicense their Euro 3, 4 or 5 vehicles.
TfL has restructured the taxi delicensing scheme, with top payments of £10,000 available to the first 1,250 applicants, and tiered payment levels available to subsequent applicants on a first come, first served basis.
The Electric Vehicle Homecharge Scheme (EVHS) provides grant funding of up to 75% towards the cost of installing electric vehicle chargepoints at domestic properties across the UK.
For more information as to who is eligible to apply for the Electric Vehicle Homecharge Scheme and how to access it visit www.gov.uk.
Thinking about ordering a new electric black cab or already using one? We’ve got some exiting news for you!
As a black cab driver, our partnership with Source London entitles you to the following exclusive offers:
Exclusive introductory offer of 25p per kWh for taxi drivers with free subscription for 12 months.
Join ESB EV Solutions, London’s newest electric vehicle rapid charging network and charge your TX electric taxi in as little as 30 minutes** for £5.80 inclusive of VAT.
What's more 21 of the rapid charging points are designated for taxi use only!
*This offer includes free subscription for the first 12 months. T&Cs apply.**Charge times quoted under optimal conditions.
Supported by Source London, London’s leading charge point provider, this initiative will ensure that locations are chosen strategically to suit your needs.
Powermystreet will collaborate closely with all of London's Boroughs to facilitate the installation of charge points in areas of high demand and accelerate the development of the existing infrastructure.
Transport Minister John Hayes said:
"This government is committed to improving air quality and reducing pollution in towns and cities, which is essential for people’s health and the environment. This is also great news for the economy as we invest in cutting edge technology and the next generation of transport and engineering professionals by creating thousands of new high-skilled jobs."