'Going to kill a lot of jobs': Toronto taxi companies speak out against proposed zero-emissions legislation

The policy would bring with it an extended network of electric vehicle charging infrastructure across the city, as well as one-time grants for some taxi companies to replace their fleets with approved vehicles.

“Most drivers don’t have private driveways or charging facilities in their homes,” he said in an interview. “You can’t retrofit these buildings – the physical infrastructure isn’t there, and won’t be added to private property without a significant cost. The economics don’t work.” “People cannot afford electric vehicles,” Mahamoud said. “The city can’t implement this without addressing the infrastructure, and even then, it’s a long shot. This is going to drive operators and drivers out of the business.”“We explicitly shared our thoughts on this with the city,” she said in an interview.

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‘Going to kill a lot of jobs’: Toronto taxi companies speak out against proposed zero-emissions legislationTaxi companies in the GTA are speaking out against City Hall’s intention to mandate zero-emissions taxicabs and ride shares by 2031, a move one entrepreneur says will “destroy a lot of drivers’ livelihoods.”
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Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Thursdayon the Toronto Stock Exchange: Toronto Stock Exchange (19,590.74, up 154.76): Toronto-Dominion Bank (The). (TSX:TD). Finance. Up 73 cents, or 0.90 per cent, to $81.96 on 11.5 million shares.
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