New York's Yellow Cabs Going Green

By: CBS News
By: CBS News

Yellow cabs are going green. On Tuesday, Mayor Bloomberg announced a plan to improve the environment by improving the gas mileage for the city's taxi fleet.

According to the mayor, it will be 25 miles per gallon or bust. That's the fuel efficiency that the mayor is pushing for the city's taxi fleet by the year 2012.

Currently, roughly 90 percent of the city's 13,000 yellow cabs are Crown Victorias. And while they may be roomy inside for passenger comfort, they get a paltry 10 to 15 miles per gallon for city driving.

On the other hand, there are currently only 375 fuel-efficient hybrid vehicles cruising city streets.

That number will increase to 1,000 by October of 2008, and it will grow by about 20 percent each year until 2012 when every yellow cab will be a hybrid.

Hybrid vehicles run on a combination of gasoline and electricity. They emit less exhaust and achieve higher gas mileage per gallon.

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