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For taxis (which you can hail on the street) the fares are fixed. For private hire vehicles (which you can't) they aren't. In both cases there are 'fit and prop
by pmyteh 6y ago
For taxis (which you can hail on the street) the fares are fixed. For private hire vehicles (which you can't) they aren't. In both cases there are 'fit and proper person' requirements to get a licence, and in London there is a famously difficult test of the driver's knowledge of city streets and routes to get a taxi (but not a private hire) licence.
In no cases do we have a medallion system, though. Licences are not transferable and have no monetary value.
- boomboomsubban 6y agoNo, but you do have city managed taxi drivers where the city limits how many licenses are given out. While they aren't transferrable like the US medallions, that doesn't change the point of the post.
- pmyteh 6y agoNot in London (which is mostly where Uber works) and the number of private hire licences (again, the category which Uber operates in) are not IIRC limited anywhere. And in practice the value of a taxi over a private hire licence not much higher anywhere except London because there's much less street hailing and a car is only a phonecall (or app click) away.