http://www.nyc.gov/html/tlc/html/news/press_main.shtml

FOR IMMEDIATE RELEASE
Press Release #05-04
September 8, 2005 

TAXI AND LIMOUSINE COMMISSION VOTES TODAY TO AUTHORIZE CLEANER, 
GREENER HYBRID-ELECTRIC TAXICABS

The New York City Taxi and Limousine Commission's (TLC) Board of 
Commissioners today voted to approve new vehicle specifications that 
would allow, for the first time, hybrid-electric vehicles to be used 
as medallion taxicabs. The vote followed a TLC staff presentation of 
a cost/benefit analysis of the six currently available hybrid-
electric models, and a public hearing on the proposed specifications 
that included supportive testimony from a number of taxi industry 
leaders and prominent environmental organizations. The six hybrid-
electric vehicles that are currently available, and would now comply 
with the TLC's vehicle specifications, include the Ford Escape, the 
Toyota Highlander, the Toyota Prius, the Honda Civic hybrid, the 
Honda Accord hybrid, and the Lexus RX 400H.

"I believe the TLC made history today," said TLC Commissioner/Chair 
Matthew W. Daus. "The fact that any medallion owner can now choose to 
replace their retiring taxicabs with cleaner and more economical 
hybrid-electric vehicles will both yield environmental benefits and 
save them money at the gas pump. These vehicles are made even more 
attractive by the fact that their purchasers would be eligible for 
significant potential State and Federal tax incentives that total, in 
some instances, more than $6,000."

The cost/benefit overview presented at the meeting indicated a per-
vehicle cost savings of as much as $5,000 for one particular hybrid 
model in estimated fuel costs over the course of a year. The analysis 
also favorably compared hybrid-electrics to the Ford Crown Victoria, 
which comprises the bulk of the City's 12,760 medallion taxicabs, in 
terms of operating costs. These estimated annual expenses (including 
maintenance, insurance, loan payments, fuel, and MSRP) place the 
Crown Victoria at approximately $25,296.48, with Toyota and Honda 
models coming in, approximately, at between $18,000 and $19,000.

Another facet of the new vehicle specifications is that, because they 
are not tied to any one vehicle, they could encompass future hybrid-
electric vehicle models, such as the planned Mercury Mariner. The new 
specifications and cost/benefit analysis are available for viewing on 
the TLC's web site at http://www.nyc.gov/taxi (click on TLC News, and 
then Public Notices).






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