MAYOR BLOOMBERG ANNOUNCES NEW INCENTIVE / DISINCENTIVE PROGRAM TO REACH GOAL OF GREEN TAXI FLEET

Mayor Michael R. Bloomberg has announced a series of initiatives to increase the use of fuel efficient and environmentally friendly taxicabs, though new financial incentives and legislative initiatives. The Mayor’s announcement follows a recent decision in Federal District Court that prohibited the City from mandating the use of cleaner, more fuel efficient taxicabs. The new program announced offers financial incentives for taxi fleet owners to purchase fuel efficient vehicles and financial disincentives for the continue use of less efficient vehicles. The Mayor was joined at the announcement by Congressman Jerrold Nadler, Taxi and Limousine Commission (TLC) Chairman Matthew W. Daus, Council Member David Yassky, Richard Kassel of the Natural Resources Defense Council, Meir Yakuel, Co-Owner of the Yakuel Taxi Garage where the announcement was made, and Rati Sharma, a taxicab driver.