Is the 21st Century the end of Taxi Cabs?

Taxis have been around for decades now but with the rise of technology and businesses like UBER, Lyft, and Grab rapidly making waves amongst people, will it overtake or demolish the taxi business? Taxis have been around for about 80 years now but are slowly declining in riders and sales due to new companies like UBER. Uber and Lyft have taken the old taxi and turned it into a private cab service which acts as what they call private drivers. In the 21st century and due the rise in technology it may look like the end for taxi cabs and here’s the rundown on why it may happen.  

Because of people like Travis Kalanick and Logan Green UBER and Lyft were born. These companies work through a person’s smartphone wherein the person must download the app and make profile entering their credit card details and valid identification. People argue that they like UBER and Lyft more than traditional yellow taxis due to the safety and convenience of UBER and Lyft.  


To access a car from UBER or Lyft a person using his phone must input the destination of where he wants to go and the app will automatically give you the price of the ride and will look for drivers near you to pick you up and bring you wherever you need to be. Rather than hailing a taxi or calling a cab service just to pick you up with a traditional taxi people that use UBER or Lyft can get a driver in a matter of a few clicks on the phone.  


There is also the argument of safety. With UBER and Lyft people that use the application have the time to look at the driver’s credentials and see how he looks like with their rating features. With this features they can tell if a driver is good if he has a high rating and to avoid a low rated driver. These drivers are rated by the passengers themselves and it helps the other future riders have a gauge on how safe they will be. With the traditional yellow taxis having no rating people would rather choose to go with UBER or Lyft to value their safety as the only credentials the yellow taxicabs have to offer is the ID badge and nothing else. 


According to BloomsburgBusinessweek, Genie Freidman the taxi king has his company faltering due to the rise of likes of UBER and Lyft. Taxi ridership has gone down and it is a fact. The 50 billion dollar company in UBER has increased ridership and shows no signs of slowing down. There are about 20,000 UBER driven cars in New York and only about thirteen thousand and a half traditional taxi cabs. It is safe to say from that assumption that UBER is on its way to overtake the taxi cab business for good as the prices of likes of UBER and Lyft are significantly cheaper and give you a sense of safety with their ratings of their drivers and such. 


All in all, taxi cabs have not yet and hopefully will not be dead by the end of the 21st century but looking at it statistically, UBER and Lyft and all companies like them are rapidly growing and will soon overtake traditional taxis.