NEW YORK – The number of environmentally friendly New York City taxicabs could grow substantially after this summer, when the city designates a significant portion of new taxi medallion licenses for alternative-fuel cabs, according to Newsday. The Taxi and Limousine Commission is scheduled to sell 308 medallions in June, and Mayor Michael Bloomberg has directed the agency to assign 254 for vehicles that use hybrid fuel technology or compressed natural gas. Currently there are 27 alternative-fuel cabs are in operation. The commission has approved several models for use as cabs, including Toyota Motor Corp.’s Prius, Highlander Hybrid, Camry Hybrid, and Lexus RX400h; Honda Motor Co.’s Civic and Accord hybrids; Ford Motor Co.’s Escape Hybrid and Mercury Mariner Hybrid; and Saturn Corp.’s Vue hybrid.

Originally posted on Fleet Financials

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