Uber’s low-cost car hiring service UberX is one of cheapest ways to get around the country’s major CBDs — but how much do you actually save compared to a regular taxi? Personal finances tracker Pocketbook has released a new, in-depth study that provides some interesting answers. According to its figures, the average spend per Uber journey has dropped significantly since 2014 and continues to fall over time. Taxi fares, meanwhile, remain unchanged. No wonder they want to ban the service.
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: