When Uber originally launched as a luxury chauffeuring service in 2012, its prices were roughly comparable to taxis. Since then, the introduction of its peer-to-peer “UberX” arm has seen prices plummet — and they continue to creep down from month-to-month:
Image credit: Pocketbook
According to Pocketbook’s research, this is due to a range of factors, including the rapid growth of UberX and the number of users hailing rides for shorter trips as the service becomes more ubiquitous.
Pocketbook’s own investigative data supports the notion that UberX is a vastly cheaper alternative to regular taxis. The below receipts were for identical journeys in the Sydney CBD using a taxi and UberX car: