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A taximeter or fare meter is a mechanical or electronic device installed in taxicabs and auto rickshaws that calculates passenger fares based on a combination of distance travelled and waiting time. Its shortened form, "taxi", is also a metonym for the hired cars that use them.
The taxicabs of the United States make up a mature system; most U.S. cities have a licensing scheme which restricts the number of taxicabs allowed. As of 2012 the total number of taxi cab drivers in the United States is 233,900; the average annual salary of a taxi cab driver is $22,820 and the expected percent job increase over the next 10 years is 16%.
The advantage of a private hire booking is that the journey is offered at a fixed price based only on mileage and not the variable time element of a taximeter found in a "Hackney Carriage"; unless the private hire vehicle is fitted with a taximeter in which case this meter must be used to calculate the fare.
In 1977 Hamburger Hochbahn estimated the total costs for this initial installation to be $56,568,000, or $7.5 million per double lane mile (compare with a Canadian estimate from 1980 at $75 to $80 million per mile for underground subway lines). These were not the final system costs which would have only been determined after construction, and ...
In June 2005, Transport Secretary Alistair Darling announced a proposal for a national scheme [74] [75] in which every vehicle would be fitted with a satellite receiver that would calculate charges, with prices (including fuel duty) ranging from 2p per mile on uncongested roads to £1.34 on the most congested roads at peak times. [76]
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