Nissan Is Helping Develop the World’s First All-Electric Taxi Fleet

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Nissan, New York City Launch LEAF Electric Vehicle Taxi Pilot

The penetration of electric cars into the mainstream market and the advacement of EV technology is great for many consumers, but could potentially provide a huge boon to service operators like taxi and delivery companies who stand to save a considerable amount of money by moving their fleet to electric-power vehicles and away from conventional internal combustion, where their bottom line is heavily affected by the natural flux of the gasoline market.

While range and refueling issues still pose a problem for fleet use, some are starting to offer EVs a shot, and are adding vehicles like Nissan’s (NSANY.PK) Leaf compact car to their roster. New York City already has a small handful of Nissan Leafs in use under its Electric Taxi program; Mayor Michael Bloomberg is hoping that by 2020, a third of New York’s taxi fleet will be electric-powered.

However, the small country of Bhutan, an Asian nation that relies on its exports of electricity from its hydroelectric plants (which it then sells to India), is considering an entirely electric taxi fleet — replacing all current cars in service with Nissan’s Leaf. That equates to about 3,500 vehicles for the small country, where a fleet of EV taxis are more viable because the distances they drive are relatively short.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business