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this post was submitted on 21 Aug 2023
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I never expected ride hailing apps to save money. Where from? Taxis were never a high margin business with some superfluous middleman.
Could there be some decentralized ride hailing platform?
Taxi companies need to own the car, pay for maintenance, pay wages for the driver, insurance, etc.
Ride-sharing apps offload all of the taxi-company maintenance overhead costs to the gig-driver while only paying about 50% of the fare.
But competition. If there's another app that pays out 80%, it will have more drivers and be cheaper.
That being said, I still only know about Uber and Lyft (here in Canada). Now car sharing and electric scooter sharing has become more popular in my city