Black Cabs to 'Go Green'

The Chinese co-owners of the firm which makes over half of London's taxis has been in talks with UK officials about replacing the current cabs with electric taxis.

For most automotive company's this is part of the ongoing strategy to cut emissions and deliver vehicles which are cheap to run and environmentally friendly. Although the purchase price of the cabs is likely to be higher than the current vehicles, running costs would be substantially lower.

The company whose share price was hit when a crop of their current TX4 vehicles was recently removed from service after engine fires, saw increases after the announcement. In addition to saving on vehicle running costs, you could also reduce your taxi insurance costs by visiting iQuote Insurance online today.