taxi industry

The taxi industry provides transportation services where drivers use licensed vehicles to pick up passengers and take them to their destinations for a fare. It operates through regulated licensing and fare structures, often managed by local authorities. Taxis can be hailed on the street, booked by phone, or via mobile apps. The industry is essential for urban mobility, offering a flexible alternative to public transit. It faces competition from ride-sharing platforms, which have introduced digital booking and dynamic pricing, impacting traditional taxi operations. Overall, it plays a vital role in ensuring accessible, on-demand transportation in many cities.