April 25th, 2020 at 12:10 PM
Wow, that's interesting. I never knew about that.
In America, Uber pretty much completely succeeded at pushing competitors and taxis out of the market. Lyft is still a thing, but Lyft is basically the same concept as Uber. Nobody here would ever consider taking a taxi nowadays. Uber does it for about 1/5 of the cost.
That being said, very few Uber drivers really do it fo a living here. It's mostly just part-time side money that's easy to make. The problem that most Uber drivers have here is the insurance. You are required to get commercial insurance (which is very expensive) in order to be properly insured in the event of an accident. Most drivers cannot afford such packages and simply forgo them. If I recall, Uber does have some umbrella insurance to cover these cases, but their insurance has a lot of loopholes and isn't sufficient.
All in all, Uber completely changed the market here. Taxis are pretty much almost completely gone except for big cities such as New York. Drivers who do Uber part time love it, but drivers who attempt to do it full time strongly disagree and think it is very insufficient to pay their bills.
In America, Uber pretty much completely succeeded at pushing competitors and taxis out of the market. Lyft is still a thing, but Lyft is basically the same concept as Uber. Nobody here would ever consider taking a taxi nowadays. Uber does it for about 1/5 of the cost.
That being said, very few Uber drivers really do it fo a living here. It's mostly just part-time side money that's easy to make. The problem that most Uber drivers have here is the insurance. You are required to get commercial insurance (which is very expensive) in order to be properly insured in the event of an accident. Most drivers cannot afford such packages and simply forgo them. If I recall, Uber does have some umbrella insurance to cover these cases, but their insurance has a lot of loopholes and isn't sufficient.
All in all, Uber completely changed the market here. Taxis are pretty much almost completely gone except for big cities such as New York. Drivers who do Uber part time love it, but drivers who attempt to do it full time strongly disagree and think it is very insufficient to pay their bills.
