Question to the Department for Transport:

To ask the Secretary of State for Transport, if she make it her policy to introduce a new interest-free loan scheme for taxi drivers purchasing new taxis matched to the retail price of the LEVC TXE.

As of October 2024, 60% of actively licensed London taxis were zero emission capable (ZEC). The Plug in Taxi Grant (PiTG) has been crucial in supporting taxi drivers to make this transition to ZEC vehicles and decarbonise our roads.

On 25 February 2025, the Government announced that the PITG will be extended into the 2025/26 financial year with a reduced rate of £4,000 per eligible vehicle. The Government does not currently intend to introduce an interest-free loan scheme for taxi drivers.