The ride for Uber and Lyft is expensive due to the lack of drivers (and the wait is long, too)

Uber and Lyft tours have almost doubled in recent months in the US, as rising companies have struggled to meet demand. More and more people are returning to their old ways after receiving a full vaccination, which means there is a great need for riders when burners burn their programs to go to work or meet their peers. Instead, Uber had it very large the largest reservation in March. Not only do riders want to get back on track, however, as well New York Times he says, both Uber and Lyft agree that prices have gone up because of this.

When more money is needed, transportation services are often more expensive to attract more drivers to another area. Incremental prices have become very popular in recent times, however, in some cases, they can be very costly such as boarding a plane. A recent study by Rakuten Intelligence found that the price increase in April increased by 40% since the same time last year.

Recently, Uber CEO Dara Khosrowshahi He said at a press conference by JP Morgan that “prices have risen sharply” and the waiting times are longer as the transport cannot meet the requirements in the US. According to the latest Uber findings report, there were 3.5 million active and shipping drivers in the first quarter of 2021, down 22% from a year earlier.

The company has promised to spend $ 250 million on payments and incentives as cash bonuses for driving drivers, however, it seems to be working. An Uber spokesman said Time Another 100,000 drivers have returned to the platform four weeks ago. As for Lyft, the company spent $ 100 million on automotive incentives earlier in the year. Uber said the number of trips with higher prices is declining after reaching a peak in March. Both companies have already said they expect the case to continue by the end of the second year, which is why airline users will continue to see higher prices in their programs in the coming months.