Meeting of the Parliament 23 March 2023
To develop the point about taxi renewal and a product being available, the switched-on taxis loan scheme is not attractive to older drivers, for the reasons that I mentioned in my speech, but perhaps work could be done with manufacturers such as Allied Vehicles to develop a personal contract purchase scheme or a patient leasing scheme that might be attractive to drivers. That might allow drivers to transition without the huge up-front capital cost of buying a vehicle, which is currently £60,000 to £100,000.