Uber and Lyft are cheaper because the drivers are paid substantially less and they do not properly account for the depreciation and other costs of driving. It i

Uber and Lyft are cheaper because the drivers are paid substantially less and they do not properly account for the depreciation and other costs of driving. It is much cheaper for a taxi company to maintain a fleet of vehicles, and depreciation and maintenance are much more expensive than the only thing most drivers care about, gas.