Catalog / LTI
London Taxi International (LTI), now known as the London Electric Vehicle Company (LEVC), has a rich history dating back to 1899. The company's journey began with its predecessor, Mann and Overton, which imported the first petrol-powered taxicabs to London. However, it wasn't until 1948 that the iconic 'black cab' design, which would become synonymous with London's streets, was born.
In 1997, Manganese Bronze Holdings formed London Taxi International (LTI) to focus exclusively on taxi production. This marked the beginning of a new era for the company, cementing its position as the primary manufacturer of London's iconic black cabs.
One of the most significant milestones in LTI's history came in 1958 with the introduction of the Austin FX4, a model that would define the look of London taxis for decades to come. Its distinctive design, with its high roof, wide passenger area, and tight turning circle, became an emblem of London itself.
In 2006, LTI launched the TX4, an updated version of the classic black cab design that incorporated modern features and improved accessibility. This model continued the company's tradition of producing purpose-built taxis that met the stringent requirements of London's taxi regulations.
However, the company faced financial difficulties in the early 2010s, leading to its acquisition by Chinese automotive manufacturer Geely in 2013. This acquisition breathed new life into the company, providing the resources needed for innovation and expansion.
In 2017, the company rebranded as the London Electric Vehicle Company (LEVC) and launched its most revolutionary product to date: the TX electric taxi. This vehicle marked a significant shift towards eco-friendly transportation, combining the classic London taxi silhouette with cutting-edge electric vehicle technology.
The TX electric taxi features a state-of-the-art electric powertrain with a small petrol engine acting as a range extender. This innovative design allows for zero-emission operation in urban areas while providing the flexibility for longer journeys. The TX can travel up to 80 miles on electric power alone and up to 377 miles with the range extender.
Beyond taxis, LEVC has expanded its product range to include the VN5, an electric van based on the TX's platform. This diversification showcases the company's ambition to become a leading provider of green transport solutions for urban environments worldwide.
Today, LEVC continues to innovate, focusing on sustainable urban mobility solutions while maintaining the iconic design and practicality that have made London taxis famous around the world. The company's vehicles are not only a common sight in London but are also exported to numerous countries, serving as taxis and specialized transport vehicles in cities across the globe.
The cost of LTI (now LEVC) vehicles varies depending on the model and specifications. As of 2024, the primary model offered by LEVC is the TX electric taxi, which represents a significant investment for taxi operators and fleet owners.
The LEVC TX typically starts at around €65,000 for the base model in European markets. However, this price can increase significantly with additional features and options. For instance, opting for extended-range battery packs, premium interior finishes, or advanced driver assistance systems can push the price closer to €80,000 or even higher.
It's important to note that while the initial purchase price of an LEVC TX is higher than traditional combustion-engine taxis, operators often factor in the lower running costs associated with electric vehicles. The reduced fuel costs, lower maintenance requirements, and potential tax incentives for eco-friendly vehicles can offset the higher upfront cost over the vehicle's lifetime.
LEVC also offers the VN5 electric van, which is based on the same platform as the TX. The VN5's pricing typically starts around €60,000, depending on the specific configuration and market.
The most affordable vehicle in the current LTI (LEVC) lineup is the base model of the VN5 electric van. In Europe, prices for the VN5 start at approximately €60,000. However, it's important to note that as a specialized commercial vehicle manufacturer, LEVC doesn't offer what would traditionally be considered 'budget' options.
The price of the VN5 can vary based on several factors:
While €60,000 might seem high compared to conventional vans, it's crucial to consider the long-term cost benefits of an electric vehicle, including lower fuel and maintenance costs, as well as potential tax incentives for eco-friendly commercial vehicles.
The most expensive vehicle in the LTI (LEVC) range is typically the top-spec version of the TX electric taxi. In its highest configuration, the TX can cost upwards of €85,000 in European markets. This premium price reflects the vehicle's advanced technology, luxurious features, and specialized design for taxi services.
The final price of a top-end TX can be influenced by various factors:
It's worth noting that while this price point is high for a taxi, the TX is designed as a premium, purpose-built vehicle with a focus on accessibility, comfort, and environmental sustainability. Its electric powertrain and range extender technology also promise significant long-term savings on fuel and maintenance costs for operators.
