England is developing hydrogen-fuelled taxi cabs to slash carbon emissions and save as much as 90,000 pounds annually on utility bills.

The new taxi cab, which uses hydrogen fuel cell technology, is scheduled to hit the roads by 2012 Olympics.

The fuel cell taxi appears and drives just like a popular London black cab with a top speed of 81mph and a range of over 250 miles on a full tank of hydrogen. It has the ability go from 0-60mph in just 14 seconds.

Transport for London and the London Development Agency have announced that they had signed up to a 10:10 campaign to hack carbon emissions in the country.

Transport for London has installed a Combined Heat and Power plant, including a hydrogen fuel cell at the cost of 2.4 million pounds at the Palestra building in Southwark with a view to generate energy, cut carbon emissions and save money off energy bills.