The LEVC (formerly London Taxi Company and now London EV Company) has announced the retail price of its range-extended taxi cab TX.

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The LEVC (formerly London Taxi Company and now London EV Company) has announced the retail price of its range-extended taxi cab TX from £55,599 (roughly $73,600) OTR (on the road) in UK. Holy cats is that expensive!

LEVC TX electric taxi

LEVC TX electric taxi

The company, owned by the Chinese manufacturer Geely, expects that more than 90% of drivers will decide to acquire TX through its £177 ($234) per week deal, including the battery over five years.

The company says that up to £100 can be saved every week on fuel (a savings that is apparently to be transferred directly into LEVC's pockets), making it interesting choice over the ICE version TX4, which costs £167 per week (over four years).

"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."

The TX can drive 400 miles, including some 70 miles in all-electric mode. Transport for London (TfL) will require at least 30 miles range for new cabs from 2018 to be eligible for the road.

LEVC is already accept orders for the TX, with first deliveries expected later this year.

"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."

The TX to available with comprehensive servicing package:

"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."

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.”

“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.”

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."