general news

UK’s biggest taxi firm to make a £160M switch to all-electric fleet

UK’s biggest taxi firm to make a £160M switch to all-electric fleet
UK’s biggest taxi firm to make a £160M switch to all-electric fleet

Addison Lee, the UK's largest private car hire firm based out of London, has reportedly announced that it will collaborate with Volkswagen and invest £160 million to make a shift to a fully electric vehicle fleet.

According to reliable sources, the company plans to have a 100% electric fleet by 2023, two years ahead of any other private rental car provider in London. It will begin the transition with the new Volkswagen ID 4 SUV.

As per Addison Lee, the move would result in 20,000 zero-emissions rides each day in London, in what will be the UK's largest procurement of EVs by a private rental company.

Liam Griffin, CEO of Addison Lee, stated that with the UK government's commitment to be a net-zero emission economy by 2050, COP26 just a few weeks away, and more vehicles on the road as the nation begins its economic recovery after more than a year of Covid-19 lockdown, the need for London's cab and private hire sector to understand its overall responsibility to the city’s environment has never been more clearer. A rapid adoption of zero-emission cars is critical to this.

Mr. Griffin went on to add that as a company that has proudly served the capital for more than 45 years and is a part of London's transportation network, the firm has a special duty to the city's inhabitants and the environment.

Addison Lee will also introduce the Future of Mobility Fund to help the transition to EVs, with a £3.5 million investment in EV charging point infrastructure for drivers.

The firm stated that the fund will go toward charging infrastructure and its fleet, as well as helping drivers with the Congestion Charge and funding environmental initiatives in London, including the firm's Green Screens program, which involves installing pollution-absorbing plant walls in elementary schools.

Addison Lee began its electric transition earlier this year when it acquired Comcab, a London taxicab fleet operator, along with its 650 battery-powered black taxis.

Source credit: https://www.autocar.co.uk/car-news/electric-cars/londons-largest-taxi-firm-switch-all-electric-fleet-2023

About the author

Vinisha Joshi

Vinisha Joshi

Despite graduating with an engineering degree in electronics and communication, Vinisha Joshi chose the road less travelled, and decided to pursue her career in content writing . Currently, she pens down articles for cuereport.com and a few other distinguished news platforms, pertaining to business and finance.