Fleet News

Cap HPI to deliver ongoing analysis of London EV Company’s electric taxi

London EV Company TX electric taxi

London EV Company has partnered with Cap HPI to undertake an ongoing values analysis of their electric taxi, the TX.

Cap HPI conducted a market benchmarking exercise to understand indicative values for the TX.

It will monitor values and provide analysis on the TX on a quarterly basis, it has worked with Black Book’s EV team to produce it.

Cap HPI’s head of consulting Mark Turnbull said: “LEVC’s taxis are a global icon, and our work had to match the appeal of the old with the emerging dynamics of the electric vehicle market.

“The study looked at indicative residual values on the new electric TX taxi range, and since taxis are not part of our usual product set, this was a bespoke piece of work.”

Cap HPI consulting worked with the Black Book electric vehicle team to produce the analysis.

London Electric Vehicle Company’s head of sales Phil Henrick said: “The team at Cap HPI bring an unrivalled view of the market and understand the future demand for this range.

“As a company, we have unparalleled insight into the needs of commercial operators, and it's important our partners share our vision for the business.

“Our products will help transform city living and provide taxi drivers with an average weekly fuel saving of £100 compared with our outgoing diesel model.”

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