NYC speeds transformation of yellow cabs to green
New York City's yellow taxi fleet now will go green at the rate of 300 new hybrid cars a month, Mayor Michael Bloomberg said on Wednesday, citing an agreement with car-makers to supply the fuel-light cabs. There are already more than 1,300 hybrid taxis in the city, and each one saves its drivers about $6,500 a year, Taxi and Limousine Commission Chairman Matthew Daus said in a joint statement with the mayor. Bloomberg aims to accomplish 127 green initiatives before his second and final four-year term ends in 2010. In December, the Taxi and Limousine Commission voted to require all vehicles that join the taxi fleet to be hybrids by October 1. The only exception is for cabs specially equipped for the handicapped.