New York speeds transformation of yellow cabs to green

New York City’s yellow taxi fleet now will go green at the rate of 300 new hybrid cars a month, Mayor Michael Bloomberg said on Wednesday, citing an agreement with car-makers to supply the fuel-light cabs.

There are already more than 1,300 hybrid taxis in the city, and each one saves its drivers about $6,500 (3,250 pounds) a year, Taxi and Limousine Commission Chairman Matthew Daus said in a joint statement with the mayor.

Bloomberg aims to accomplish 127 green initiatives before his second and final four-year term ends in 2010. In December,

Reuters