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themoonbus | 7 years ago
Uber and Lyft fares are unsustainably low right now, and at their current prices, they depress public transit interest and ridership. But what happens in 5 years when these ride sharing companies need to turn a profit? Self driving cars is potentially a solution, I suppose, but will it be ready at that scale by then?
Not only that, but in the meantime, they may be causing more environmental harm than good: https://www.citylab.com/transportation/2018/04/how-uber-and-...
thegayngler|7 years ago
themoonbus|7 years ago
However, it feels unsustainable. I can't imagine the fares remaining this low, and because of people like me, transit ridership is declining. I don't think these rideshare companies can sustain such low prices indefinitely, and my guess is it's delaying real improvements to transit infrastructure.
That's just my hunch though.
pishpash|7 years ago