Skip to content
Thursday 30 July 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,908.41
+0.34%
DAX
25,460.48
0.00%
CAC 40
8,408.27
0.00%
STOXX 50
6,248.84
0.00%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Tuesday 21 September 2021 7:23 am  |  Updated:  Saturday 30 October 2021 11:50 pm

London taxi giant Addison Lee goes fully electric by pumping £160m in 4,000 cars

By: Michiel Willems

Add as a preferred source on Google

London’s largest taxi company, Addison Lee, has pledged it will operate only electric vehicles from 2023.

The London firm said it is investing £160m to shift its 4,000-strong fleet to electric. This will involve putting 200 Volkswagen ID.4 vehicles on the capital’s roads every month from November.

The commitment is the largest single order of electric vehicles made by the UK’s private hire industry, according to Addison Lee.

The firm’s chief executive Liam Griffin said: “As the transport provider of choice for many businesses and passengers, we know that we play a critical role in London’s transport network.

“Over the years, we have invested in our vehicles and technology to ensure we do all we can to make London a greener place.

“We are now going even further, by partnering with Volkswagen to invest in a rapid transition to electric.

“In doing so, we can help more businesses reduce their carbon footprint and give passengers greater access to green, safe and premium transport options as life gets back to normal.”

Transport Secretary Grant Shapps said: “As we continue working tirelessly to decarbonise our transport network, I am thrilled to see Addison Lee lead the way through pledging to electrify their fleet by 2023.

“This Government has committed to reach net zero by 2050. With more than 500,000 electric vehicles now on our roads and nearly 25,000 public charge points, we’re at the beginning of an electric vehicle revolution which will help create communities free from pollution as well as supporting thousands of jobs in the supply chain over the coming decades.”

Another private hire firm, Uber, is aiming for all its cars in London to be fully electric by 2025.

Read more

Joby and Virgin Atlantic Finalize Deal to Bring Electric Air Taxi Service to the UK

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Transport & Infrastructure

Trending Articles

  • PwC thought leadership reports ‘100 per cent AI generated’

  • Lloyd’s of London allows staff to work from home as heatwave hits the capital

  • EY and London managing partner fined over £1.3m for audit failure

  • Big Four’s AIM exodus accelerates as mid-tier firms seize mandates

  • As it happened: Stocks jump as oil drops; Unilever shares soar on decade-best sales

More from City PM

  • Joby and Virgin Atlantic Finalize Deal to Bring Electric Air Taxi Service to the UK

    Business Wire
  • Britain set to miss net-zero car targets despite record electric vehicle sales

    Transport & Infrastructure
    Electric vehicle charging station with multiple charging ports and cars plugged in, promoting sustainable transportation s...
  • Miliband refused to meet motor trade body to discuss zero emissions mandate

    Transport & Infrastructure
    Ed Miliband speaking at a podium during a press conference, addressing energy policy reforms and climate change initiatives.
  • Vehicle production drops in first half of year

    Transport & Infrastructure
    Car bodies on an assembly line in a UK car plant, showcasing EV manufacturing process
  • Triumph for Tesla as top court rules 5G licensing case should be heard in UK

    Lawsuit
    Tech billionaire Elon Musk has been asked to serve in Donald Trump’s cabinet. (Photo by Apu Gomes/Getty Images)
  • Robotaxi rules row drives Waymo-Uber rift ahead of London launch

    Transport & Infrastructure
    Getty Images logo on a building facade, symbolizing brand presence in the media and photography industry.
  • Bolt eyes former Zipcar customers with London car-sharing push

    Tech
    Electric Bolt car parked in urban setting, showcasing sleek design and eco-friendly transportation for modern city living.
  • New BMW X5 gets diesel, hybrid, electric and hydrogen versions

    Motoring
    BMW X5 driving on a coastal road with mountains and ocean in the background, showcasing its sleek design.
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook