The average city dweller in London and New York spends $238 on taxis annually. But that number is set to dramatically decrease in the age of the on-demand ride service. Tech companies like Uber and Lyft have upended the taxi industry for better or for worse, depending on who you ask.
No matter which side of the argument you're on, there's no denying that some positive side effects have come from all of the competition. It has spurred almost every business that touches the industry to think about how it can improve.
Check out the below infographic from Discount Park and Ride, which takes a look at the growth of ridesharing services and the cab industry's efforts to catch up.