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TfL’s primary purpose in relation to taxi and private hire in London is to ensure public safety through its function as the licensing and regulatory body.
Nevertheless, TfL and I have provided significant funding and financial incentives to London’s taxi trade, most notably to support drivers who switch to cleaner taxis. This includes contributions towards a grant that takes £7,500 off the purchase price of a zero emission capable taxi and a £42 million fund that offers payment of up to £10,000 for vehicle owners who choose to retire their older, more polluting vehicle from the London fleet.
TfL is also providing considerable investment towards the development of London’s electric vehicle charging infrastructure. So far, 208 rapid charging points have been installed, all of which are available to taxis and private hire vehicles and 73 of which are dedicated specifically to taxis.
In line with the Taxi Ranks Action Plan 2015, £600,000 was also available to TfL to deliver a 20 per cent increase in the number of taxi ranks by 2020. TfL has delivered a 29 per cent increase so far and is continuing to work with local authorities to provide additional locations.