The number of taxi rides taken in Los Angeles has plummeted by nearly a third and the volume of prearranged taxi rides has fallen 42% since Lyft and Uber started operating in the area, city data shows.
People took nearly 8.5 million taxi rides in 2012, a year before the two services started, but that number dropped to just over 6 million in 2015, the Los Angles Times reports. The drop fits with trends in cities across the world, where the rise of ride-hailing services has hurt business for traditional taxi systems to varying degrees.
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The most notable decreases were in rides to and from tourist attractions or nightlife locations, such as Hollywood or downtown.
[LA Times]
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