Friday, July 17, 2015

Taxis can't compete with Uber and Lyft. Deregulate taxis and refund medallion costs.

July 17, 2015

...depending on the city, (click here) Uber drivers aren’t necessarily regulated by government taxi licensing authorities.
Both Uber and competitor Lyft insure their drivers during paid rides and also require the drivers to carry personal auto insurance that covers them the rest of the time.
In a few cities, Uber beat out taxis by a wide margin for business travelers.
In its home town of San Francisco, 79 percent of rides expensed through Certify during the second quarter were for Uber.
In Dallas, 60 percent were for Uber and 54 percent in Los Angeles. Certify noted that it saw rental car transactions drop at the same time.