Bogotá taxi income drops $1.5M monthly since ride-hailing apps

A study quantifies that Bogotá taxi drivers and owners lost COP 13.94 trillion (approx. $1.5M monthly) between 2017 and 2025 due to ride-hailing apps. The figure is an estimate from a single study, and the causal link to apps is asserted but not independently verified. This highlights the economic disruption of platform-based competition in urban transport, with implications for labor markets and regulatory debates.