LEVC has unveiled a new finance deposit contribution for its TX taxi, which is says fully offsets the recent reduction in the Plug-in Taxi Grant (PiTG).

Making a £1,500 deposit contribution available for an initial period on all new TX taxi models across all finance types offered by LEVC Financial Services with zero customer deposit and at a subsidised finance rate of 10.51% APR representative, the new campaign offsets the PiTG reduction, which was reduced from £7,500 to £6,000 at the start of the month.

Launched in 2018, more than half of London’s entire black cab fleet now zero-emission capable, with the TX also on sale in over 25 countries across the globe, playing a vital role in offering clean green, and accessible urban mobility.

The new finance offer follows LEVC’s recent announcement regarding its new pure electric vehicle technology, which it says will transform the brand from a high-end taxi manufacturer to a leading provider of zero emission e-mobility solutions. LEVC claims its Space Oriented Architecture (SOA) is the world’s first EV platform focused on setting new standards for onboard space.

The copay says the architecture will bring interior-optimised, zero-emission mobility to more consumers than ever before, while enabling LEVC to enter new sectors, outside of its existing models.

As the UK’s electric TX fleet increases, LEVC says so does the positive contribution this purpose-built vehicle is making to cities. Powered by its eCity technology, LEVC’s electric TX taxi has travelled more than 780 million miles globally and it claims has prevented more than 240,000 tonnes of harmful CO2 emissions from entering the world’s atmosphere.

Chris Allen, Managing Director, LEVC, said: “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.”