Uber price in LA approaches robocar cheap
Submitted by brad on Sat, 2015-02-28 14:20I was recently considering the price of UberX in Los Angeles. It's gotten disturbingly low:
Flag drop: $0 18 cents/minute 90 cents/mile
This is not a very good deal for the driver. After Uber's 20% cut, that's 72 cents/mile. According to AAA, a typical car costs about 60 cents/mile to operate, not including parking. (Some cars are a bit cheaper, including the Prius favoured by UberX drivers.) In any event, the UberX driver is not making much money on their car.