Please ensure Javascript is enabled for purposes of website accessibility

Nissan to Launch Leaf Electric Taxi in NYC

By Caroline Bennett - Apr 22, 2013 at 4:55PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

New line of cabs launched in honor of Earth Day.

A newer, greener taxi is taking to the New York City streets. In honor of Earth Day, Nissan Motors (NSANY 0.26%) has collaborated with Mayor Michael Bloomberg to launch several new electric taxis. The cabs will be launched as part of Nissan's Leaf line, an initiative to help raise public awareness on zero-emission vehicles and their potential effect on urban areas.

Nissan's vice president for commercial vehicles, Joe Castelli, spoke optimistically on the new changes, saying a continued relationship with New York City will "help optimize the use of electric vehicle technology for future applications." Bloomberg, meanwhile, is confident that the Leaf line will help expedite plans to "achieve the goal of a one-third electric taxi fleet by 2020."

The Nissan Leaf has sold nearly 60,000 units worldwide, making it the best-selling pure electric vehicle in the world. According to Nissan's website, the car is powered by an 80kW AC motor, in conjunction with energy produced by a 48-module lithium-ion battery. The New York City-based Leafs will include CHAdeMo-based quick chargers, which allow the cabs to be recharged to 80% within a half-hour.


Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Nissan Motor Co., Ltd. Stock Quote
Nissan Motor Co., Ltd.
$7.70 (0.26%) $0.02

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/26/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.