Taxi trade fears 10% could lose cabs as drivers gear up for ride-hailing
The taxi industry is facing significant challenges as ride-hailing services gain popularity. Industry leaders warn that up to 10% of taxi drivers could lose their licenses due to increased competition. This situation raises concerns about the future viability of traditional taxi services.
- ▪The rise of ride-hailing services is impacting the traditional taxi industry.
- ▪Industry leaders estimate that up to 10% of taxi drivers may lose their licenses.
- ▪The competition from ride-hailing platforms is causing significant concern among taxi operators.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at South China Morning Post.