With the Irish capital struggling to fill up with new cars, it’s no wonder taxi drivers are struggling to find new ways to make money.
A recent report by The Irish Post’s taxi and hire business manager, Rafael Caro, has revealed that the average taxi driver spends €150 per week on car repairs and other costs.
The Irish Post contacted taxi and hired car dealers to get their views on the issue, but they had no comment.
Another survey conducted by the Irish Times revealed that almost half of Irish taxi drivers have a car loan.
The study found that over a third of the respondents in that group had borrowed a car for at least one year.
Of those respondents, over 80% said they had a car insurance policy.
It’s not just the cost of repairs and insurance that is taking a toll on drivers, however.
More than one in five taxi drivers said they didn’t think it was a good idea to hire a taxi, while another one in four had no intention of doing so.
According to the study, the average Irish taxi driver has been paying a combined average of €1,500 in rent and €1 per minute charge since 2012.