Details of its all new TX hybrid London Taxi by The London Electric Vehicle Company

LEVC's plug-in London taxi is also available to lease from £177 per week on a five-year deal, inclusive of battery

The London Electric Vehicle Company (LEVC) has announced pricing details of its all-new TX hybrid London Taxi. The plug-in replacement for the TX4 is available to buy outright for £55,599, while a business lease can be had from £177 a week.

The five-year lease deal - expected to be the way the vast majority of customers will pay for theirs - also includes the cost of the battery for that period. The outgoing TX4 was £167 a week over a four-year deal, although LEVC claims cabbies in regular use will save up to £100 a week on fuel thanks to the TX's 70 mile electric range.

The Coventry-based manufacturer, previously called the London Taxi Company, will change its name to the London EV Company (or LEVC) in September to reflect its growing ambitions to produce vehicles of all different shapes and applications.

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