Taxi companies in Columbus, Ohio, may want to start thinking about trading in at least a few old gas-guzzlers for a shiny, new, quiet, electric sedan.

Smart Columbus, the arm of the city charged with growing innovative approaches to transportation, is making up to $120,000 in rebate money available to taxi operators who switch out old gas-powered cars for electric vehicles.

The first phase of the project will start by offering 10 rebates of up to $3,000 per car, with the idea of ramping up the program to 40 vehicles, said Jennifer Fening, a spokeswoman for Smart Columbus.
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