LEVC offers £1,500 towards cost of new TX models

Electric taxi manufacturer LEVC is offering a £1,500 deposit contribution on new orders of its passenger vehicle.

The firm behind the TX taxi and VN5 van has launched the new offer in response to the reduction in the plug-in taxi grant (PiTG), which came into effect at the start of April.

The offer applies to all new TX taxi models and across all finance types offered by LEVC Financial Services with zero customer deposit. LEVC says this and a subsidised finance rate of 10.51% APR offsets the PiTG reduction, which cut the government funding from £7,500 to £6,000 at the start of the month.

The TX taxi was launched in 2018 and now makes up more than half of London’s entire black cab fleet of 14,700 vehicles.

Chris Allen, managing director of LEVC, commented: “Demand for our award-winning TX continues to accelerate, but with the recent £1,500 reduction in the PiTG coupled with currently high national interest rates, drivers need support to continue their transition into new, green taxis.

“LEVC recognises this and it’s why we’re making this new contribution and subsidised APR finance offer available, initially bridging the gap for our customers. Looking ahead, LEVC will continue to work closely with government to provide long term support to the trade, including provisions beyond the current one-year PiTG extension.”

The new finance offer comes shortly after LEVC announced plans to expand its EV line-up with a range of other models based on a new platform. The L380 MPV will be the first in a number of LEVC vehicle built on parent company Geely’s Space Oriented Architecture (SOA). The firm says the new platform will allow future vehicles to offer significant advances in range, efficiency, safety, charging time, durability, and connectivity.

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Matt Allan

Matt is Editor of EV Powered. He has worked in journalism for more than 20 years and been an automotive journalist for the last decade, covering every aspect of the industry, from new model reveals and reviews to consumer and driving advice. The former motoring editor of, The Scotsman and National World, Matt has watched the EV landscape transform beyond recognition over the last 10 years and developed a passion for electric vehicles and what they mean for the future of transport - from the smallest city cars to the biggest battery-powered trucks. When he’s not driving or writing about electric cars, he’s figuring out how to convert his classic VW camper to electric power.