Wednesday 20 April 2016
On-demand cabs are great, except when they’re unavailable or cost a bomb thanks to surge pricing. For years, companies like Uber have used a system that raises cab fares to meet high demands during rush hour; they say that the increased rates, calculated using an algorithm, incentivize drivers to get out on the streets so that more vehicles are available to users. However, it means that passengers can expect to pay as much as four or five times the cost for traveling the same distance. In India, local governments are trying multiple approaches to manage the issue for passengers. Surge…
This story continues at The Next Web
