LEVC announce TX eCity Purchase Options

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, commented:

“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.

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.

 ENDS

Notes

  • The TX uses eCity technology which combines a small petrol generator (known as a “range-extender”) with a class leading battery and proven electric powertrain.  The eCity platform will give drivers a zero emissions range of well-over 70 miles on pure electric, and a combined range of over 400 miles with its small petrol generator.

  • With this range, a driver could take passengers from London to Edinburgh or Paris without once needing to stop for fuel.

  • LEVC will not separate out the cost of the battery – so called battery leasing – instead LEVC will be giving drivers a simple and clear weekly cost of £1771 on a five year PCP financing arrangement with an initial deposit of £3,250.

  • The outgoing TX4 as at 30th June 2017; was priced at £167 per week including a £3,250 deposit (including time limited LEVC deposit contribution), based on a four year PCP finance agreement.

  • Full retail price for the new TX is £55,599 OTR. net of OLEV Plug in Taxi Grant of up to £7,500 which is subject to European Whole Vehicle Type Approval and European Commission state aid notification.

 

  • TfL has announced a ‘Delicensing Scheme’ for older taxis to help speed up the adoption of zero emissions capable taxis.  Delicensing payments are available to owners of taxis between 10-15 years of age and payments range from £5000 to £1200 depending on the age and condition of the outgoing model.  It is proposed taxis that are 10 years of age will be able to claim to the highest amount of £5,000. The amount payable will reduce in line with the age of the vehicle as shown below:

 

Age from DVLA first registration

Payment

10 years ≥ Taxi Age < 11 years

£5,000

11 years ≥ Taxi Age < 12 years

£3,800

12 years ≥ Taxi Age < 13 years

£2,800

13 years ≥ Taxi Age < 14 years

£1,900

14 years ≥ Taxi Age < 15 years (age limit for taxis in London)

£1,200

 

  • The TX, LEVC’s new electric taxi, combines the company’s expertise as a manufacturer of urban commercial vehicles with proven electric vehicle technology and the latest in advanced material manufacturing.

  • This combination of old and new is reflected in the look of the vehicle. The instantly recognisable rectangular grille and circular headlights have been incorporated into a much more contemporary design, with daytime running lights, simplified lines, and an inset chrome frame to the grille. Similarly, the rear-hinged passenger doors with 90°opening provide a more opulent entry and exit for passengers, reminiscent of the 1930s luxury saloons that in part influenced the design of the vehicle.

  • The new taxi has been built using the latest techniques in aluminium bonding. This avoids welding or riveting – which reduces the weight of the cab, offsetting the additional weight of the battery, whilst maintaining vehicle strength.

  • As well as the more premium feel, passengers will notice less vibration and noise in the passenger cabin, alongside charging points for mobile phones, Wi-fi and additional space for six passengers.

  • The TX has also been designed to be one of the safest vehicles on London’s streets.

  • The cab retains its renowned disability access features. There will be a new retractable integrated ramp making it quicker and easier for passengers in wheelchairs to embark and also travel in a new forward facing position.

  • Other accessibility features include induction loops for hearing aids a well as contrasting grab handles and seat edges for the partially sighted.

  • Following the completion of LEVC’s extensive testing regime, the TX will be on London’s streets later this year. TfL currently anticipate that, by the end of 2020, 9000 London taxis will be “zero emission capable” vehicles.

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