UPDATE 1-New York's yellow cabs to go green by 2012

Newswire

(Adds detail from news conference) By Edith Honan NEW YORK, May 22 (Reuters) - New York City's famed yellow taxi cabs will go green within five years under a plan that could serve as a model for other large cities, Mayor Michael Bloomberg announced on Tuesday. He said 1,000 hybrid taxis -- powered by gasoline and electricity -- would be introduced by October 2008, and that hybrids would gradually replace the rest of the city's 13,000 taxi cabs by 2012. New York already has 375 hybrid ...

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