All 1,250 top decommissioning  payments now awarded by TfL as taxi industry struggles with vehicle s

It has been revealed that all 1,250 payments of £10,000 for London's cab drivers to decommission their taxis have now been exhausted.

It is believed that around £30m of the mayor's £42m taxi delicensing fund has now been used up.

The delicensing fund was designed to help London's cabbies ditch older, more polluting vehicles and encourage the uptake of new, zero-emission capable taxis.

TfL have said London's current crop of diesel taxis are responsible for 25% of NOx emissions and it is claimed that next year they could be the biggest source of transport pollution in central London. 

TfL are looking to lower emissions from taxis in London by 65%, with 2025 being the target date.

With TfL recently announcing that the taxi age limit in London will be reduced to 12 years for Euro 3, 4 and 5 taxis by 2022, there are now concerns that there is an issue with the amount of vehicles available to drivers.

Between the delicensing initiative and the age limit reduction, there are serious fears that taxi drivers could be put out of work due to a reduction of the supply of vehicles over demand.

The next tranche of decommissioning payments have now reached the £8,000 threshold still available, reducing on a sliding scale. 

Image Source: LEVC