Warren Buffett enters London taxi industry
A company part-owned by Warren Buffett is set to release an all-electric London taxi fleet.
Chinese car maker BYD, which is 9.9% owned by Buffett, will launch a fleet of 20 cabs operated by taxi firm Thriev.
This comes shortly after London Mayor Boris Johnson announced the 2018 deadline for all new taxis to be zero-emission.
“Londoners are typically early adopters to new technology… and we are very happy to be first and beat the deadline by a few years. This is where the electric vehicle technology will shine,” Isbrand Ho, managing director of BYD Europe told the Financial Times.
“Look at Boris, he rides a bike to work,” said Ho. “London is at the forefront of zero emission. It is doing the right thing.”