Plan de Incentives Autotaxi Madrid (PIAM) is a strategic program within the Madrid region that aims to renovate the taxi fleet. The idea is to replace older and inefficient vehicles with more efficient ones. The program began in 2013 as a pilot program with a budget of €100,000 ($136,000 US), and it has been extended into 2014 with a dedicated budget of €900,000 ($1.22 million US). In 2013, 48 taxicabs were replaced, of which 44 were HEVs (92%).
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