Taxis are a staple in many of the world’s cities. For some, cabs are local icons, like in London and New York. For other cities, taxis are an indispensable means of travelling, such as in MENA countries and Latin America.
One of the biggest developments over the past decade, and a change that has impacted the taxi sector more than most, has been the emergence of ride-hailing companies. Transport regulators around the globe are following different approaches to manage both traditional and new on-demand mobility options. Recently, many cities have blurred the line between taxis and other on-demand sectors.
But where do these new players fit alongside the traditional taxi within urban life?