Part 7/10:
When it comes to the economics of taxi operations, black cabs are surprisingly expensive to run, with costs ranging from £3.78 to £4.84 per mile. With the average London taxi driver's salary at around £39,000 per year, the economics of switching to electric alternatives becomes more complicated with rising fuel costs and expensive maintenance.
Conversely, the anticipated operating cost for a Cyber Cab could be as low as $1 per mile—potentially allowing for massive savings over traditional services. Comparatively, services like Uber tend to charge users about two to three times that amount, indicating a strong competitive edge for the Cyber Cab.