Tycoon Carlos Slim’s Company Wants To Replace Mexico City’s Air Polluting Taxis With Electric Cars

6/5/2017 Forbes

Mexico-pollutionIn the midst of one of Mexico City’s worst air pollution crises in recent years, Mexican billionaire Carlos Slim Helu’s Giant Motors said it wants the prototype electric car it has been developing to replace pollution-belching cabs in the Western Hemisphere’s second largest metropolitan area.

“We’re developing the prototypes and hope to finish them this year to find a viable solution, an electric vehicle, that genuinely replaces gasoline-using cars,” Elias Massri, Giant Motors CEO for Latin America, told Reuters.

In February, Massir announced for the first time that Giant Motors, which is controlled by Slim’s financial services conglomerate Inbursa, was in the process of manufacturing a made-in-Mexico electric vehicle with plans to launch it commercially next year. Designed by Giant Motors, the vehicle will be manufactured in a joint venture with Moldex, a subsidiary of Grupo Bimbo, a Mexico-based multinational and the world’s largest bread maker.

“The peculiar challenge with taxis in Mexico City is that they often ride around with no passengers, looking for a fare,” said Massri. That means the electric taxis need to have fast-charging batteries that can last, he added, according to Reuters.

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