A new report indicates that London's iconic Black Cabs are on a trajectory toward extinction, with a steep 34.5% decline in licensed taxis over the past decade. While private hire vehicles have surged, public sentiment favors the traditional cab service, with 66% of Londoners advocating for more support. The Black Cab's significance goes beyond being a transportation mode; it represents accessibility and safety. However, rising costs for new electric taxis and decreasing government financial support threaten their viability, leading to concerns about their future in the capital.
The decline in London's Black Cabs suggests an alarming future where their symbolic presence and accessibility could vanish by 2045 if trends continue.
Two-thirds of Londoners feel there should be more measures to support the Black Cab industry, emphasizing its importance to the community and the city's transport fabric.
The rising costs of new electric Black Cabs and reduced financial support from government schemes indicate a troubling trend for drivers facing economic challenges.
Despite expectations of their longevity, with 78% of Londoners believing in their presence a century from now, current trends reveal a stark potential decline.
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