The online ride-hailing market is saturated, drivers’ income has dropped, and regulatory policies have been introduced

News on June 8, in recent years, with the convenient car-hailing experience, online car-hailing has become the first choice for many people’s daily travel, which has also promoted the rapid growth of the domestic online car-hailing market. Because the market has reached saturation, some places have stopped accepting applications for new online ride-hailing transport permits.

According to the editor’s understanding, Master Chen, an online ride-hailing driver in Foshan, said that he currently rents a car to run orders every day, and his average daily income is around 400 yuan to 500 yuan, but the order volume is not stable. Master Chen's monthly net income is about 6,000 yuan. After deducting rent, gas expenses and other expenses, he will take 4 to 5 days off.

According to Master Chen, this is the average income level of drivers in Foshan. It depends on the time an individual drives out every day. The more work he does, the more income he will earn. "He is anxious about taking orders and income because the number of online ride-hailing drivers continues to increase. According to Master Chen, as the epidemic slows down, more and more drivers have joined the industry, making it more difficult for them to take orders. Da, his current daily empty rate is about 50%. He added: "Today's drivers have to extend their working hours in order to make a living. In the past, you could earn a certain amount of money by working 10 hours, but now you have to work more than 14 hours to reach the same level. The reporter also interviewed other online ride-hailing drivers from Guangzhou, and they also said that the empty rate has increased compared with the past.

At the same time, regulatory authorities have recently introduced policies in many places to reduce the popularity of the online ride-hailing market. The Changsha Municipal Transportation Bureau issued a notice on May 15, announcing that starting from May 16, 2023, the city will suspend the acceptance of new online ride-hailing transportation certificates, and already accepted certificates will be processed according to normal procedures. The Sanya Municipal Transportation Bureau issued a notice on May 4, stating that in order to further maintain market order in the online ride-hailing industry and protect the legitimate rights and interests of passengers and other operators, it decided to suspend the issuance of online ride-hailing business licenses and transportation certificates. Similar risk warning notices have also been issued in Zhuhai, Jinan, Suining and other cities.

Ji Xuehong, director of the Automotive Industry Innovation Research Center of North China University of Technology, said that online ride-hailing was once a rapidly developing industry. During the booming stage of the industry, drivers' incomes were relatively high. However, after years of development, this industry has entered a stage of stability and even saturation. Once it enters the saturation stage, driver income and the attractiveness of the industry will decline.

The above is the latest report on the development of the online ride-hailing market. Although the online ride-hailing industry is facing some difficulties, it is still the first choice for many people due to its convenience and popularity. In order to maintain market order and the legitimate rights and interests of all parties, regulatory authorities will further strengthen supervision of the industry.

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