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Number of hybrid taxis to jump 10x in New York City

The AP reported Friday that New York City will soon have ten times as many hybrid taxis - 281 - cruising the streets. The city recently held an auction for permits to operate the cleaner cars in the city and, while opening bids were set at the discounted price of $320,000, the final bids were much higher, with the highest going for $554,147. It's no surprise that permits were heavily bid on, as earlier reports have said customers tip better and are more excited to ride in a hybrid. Of course, there are the fuel savings to think of as well. ... Read more →

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