Uber and Lyft Face Tougher Competitors Than Taxis: Automakers

By Jon LeSage As the taxi industry continues being decimated by Uber and Lyft ride-hailing and ridesharing services, these and other mobility companies will begin seeing a wave of competition coming from automakers jumping into the race.
Taxi and black-car operators have been sideswiped by Uber and Lyft in recent years as riders get to pay about half the taxi fare, tap into on-demand pickup from their mobile device, and have a much more user friendly and likeable experience. That’s been especially the case for younger riders in their 20s and 30s who don’t see the point in following the previous taxi-ride tradition.
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