An even larger cost to running a taxi is the cost of the License plate which because of severe restrictions of supply amount in some cities to hundreds of thousands of dollars
“At the moment it costs taxi operators more than $30,000 a year to lease a licence, or more than $400,000 to buy one. As a result, about $4 of every $20 fare goes towards funding that licence.”
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An even larger cost to running a taxi is the cost of the License plate which because of severe restrictions of supply amount in some cities to hundreds of thousands of dollars “At the moment it costs taxi operators more than $30,000 a year to lease a licence, or more than $400,000 to buy one. As a result, about $4 of every $20 fare goes towards funding that licence.”
Read more: http://www.smh.com.au/nsw/more-taxi-licences-needed-to-lower...