Uber look to make available all taxis on its platform by 2025

Ride-hailing firm Uber are looking to make available ALL licensed taxis on its platform by 2025 according to its latest financial report.

After its surprising move to partner with New York City's famous yellow taxi industry, the ride-hailing firm are now focusing on existing taxi markets around the world to help solve coverage and availability issues.

Back in March Uber announced it would list yellow cabs on its app. It is no secret that Uber, and other private hire operators, have all faced a shortage of drivers since services ramped back up post pandemic lockdowns. The recent addition of yellow cabs onto the platform was hoped to boost car availability by 12,000 in New York City.

Ride-hailing and delivery firm Uber announced earlier this week a $5.9billion (£4.7billion) loss, mainly due to stakes held in other companies around the world.

The transport and logistics firm highlighted that nearly all of the losses recorded were as a result of the diminishing value of investments which included China's DiDi and Asia's Grab.

Within the financial report for the quarter Uber stated it had reached an agreement to list New York City and San Francisco taxis on the Uber app through partnerships with CMT, Curb, Yellow Cab SF, and Flywheel Technologies. Interestingly it was revealed that Uber plan to bring every taxi on to Uber by 2025 as part of its long-term vision.

Uber have already managed to include taxis in Spain, Germany, Austria, Turkey, South Korea, Hong Kong and Colombia. According to sources, around thirty-five percent of people taking a taxi on the Uber platform go on to use other of its mobility products, the company said in February.

According to Reuters, Andrew Macdonald, Uber's senior vice president of mobility, said: "When we look at the next five years, we just don't see a world in which taxis and Uber exist separately. There's too much to gain for both sides."