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Written question asked by Margaret Mullane (Labour) on Wednesday, 19 March 2025, in the House of Commons. It was due for an answer on Monday, 24 March 2025. It was answered by Simon Lightwood (Labour) on Monday, 24 March 2025 on behalf of the Department for Transport.


Taxis: Sales

Question

To ask the Secretary of State for Transport, if she make it her policy to introduce a new interest-free loan scheme for taxi drivers purchasing new taxis matched to the retail price of the LEVC TXE.

Answer

As of October 2024, 60% of actively licensed London taxis were zero emission capable (ZEC). The Plug in Taxi Grant (PiTG) has been crucial in supporting taxi drivers to make this transition to ZEC vehicles and decarbonise our roads.

On 25 February 2025, the Government announced that the PITG will be extended into the 2025/26 financial year with a reduced rate of £4,000 per eligible vehicle. The Government does not currently intend to introduce an interest-free loan scheme for taxi drivers.


Secondary information

Type
Written question
Reference
39724
Session
2024-26
Subjects
Loans Prices Taxis Sales
Link
View this Written question on www.parliament.uk