Ridesharing companies such as Uber and Lyft are quickly becoming the favored option over taxis in population-dense cities like Chicago. In July 2017, it was reported that Uber was a more popular choice over taxis in New York City, with an average of 289,000 Uber rides per day compared to taxis 277,000 rides per day. And from 2016 to 2017, ridesharing trips increased by 37%. Since then, they've continued to rise in popularity.
But why are rideshares becoming more popular? Are they really a better option than classic taxi rides?