A whistle-stop tour of the taxi industry and mobility news we’ve been reading about in January

The taxi industry is moving and shaking! There’s never been a faster pace of change in the transport sector than right now, as new mobility models launch, new technology develops and new ways of doing business emerge. Indeed, it’s so busy it can be hard to keep abreast of all the taxi and mobility news and stories flooding the internet. So, we’ve pulled together some of the most interesting picks from this month – and every month from here on in. Stay tuned to find out what innovative taxi companies around the world are getting up to and what key trends you should be considering.

Happy reading! 

1. Egypt clears Uber’s acquisition of Careem with conditions

Egypt has vehemently opposed entry by Uber throughout the last decade, and has made very few regulatory changes relating to the taxi industry since the early 1990s. However, it has now followed other Middle Eastern territories by authorising Uber’s acquisition of Dubai-based ridehail app Careem, which is widely used by Egypt’s 90 million population. While this technically marks another conquest  in Uber’s ongoing march to global dominance, it is pertinent to note that the authorisation of the acquisition is very much on Egyptian terms. These include, but aren’t limited to, capping of fares, limiting surge pricing, and restricting the increase of driver commissions – all with the aim of improving local market conditions along with maintaining healthy competition for new entrants. 

Read more here

2. From U-Bahn to e-scooters: Berlin mobility app has it all

Germany has been a trend setter for micro mobility over the last few years. Having connected services through one app, makes end to end journeys more efficient.  Joined up mobility-as-a-service is the way forward and pretty much everything goes apart from the private car. Micro Mobility champions the last mile, which is exactly what taxi offers, so this is a space that all taxi fleets need to be part of. 

Read more here

3. German taxi operator plans to add 50 Tesla Model 3s to its fleet

More news from Germany, as we see an innovative taxi company add 50 electric cars to its fleet. They’ve opted for the Tesla Model 3 which is comparable price wise to the Toyota Prius, the most popular Hybrid Taxi vehicle option, according to iCabbi data.  The electrification of taxi fleets is going to be one of the biggest trends for the taxi industry this decade, so we can expect lots more news stories like this one, and will bring you all the latest news from around the world on how taxi companies are embracing EV models. 

Read more here

4. Hyundai Motor to bolster EV range, plans 44 models by 2025

Here’s a massively ambitious statement from Hyundai about their 5 year EV product line. Whether it is realistic or not, their commitment to EV manufacturing on-mass clearly nails theirlong-term strategy to the mast, and we’re likely to see other OEMs announce EV manufacturing priorities in pursuit of the market leader. The good news for the taxi industry is that greater supply will see the cost of EVs coming down. The more EV options and availability out there, the quicker we will see the uptake of the trend to electrify taxi fleets over the coming years. 

Read more here.

5. Uber and Hyundai Motor team up to develop flying taxi 

Is it a bird? Is it a plane? Well, kind of – it’s a flying car! People often laugh at the idea of a flying taxi, but maybe it is not so far away. Uber has already started trials in Australia. However, this news release, which was launched at CES 2020 in Vegas, is the first time we see Uber pair up with a car manufacturer. 

Read more here

What do you think?

Share your thoughts by leaving a comment. Or, got a story you think we should feature? We’d love to hear from you, so please feel free to pop an email over to me, Joanna, on Joanna@iCabbi.com .