Colombia taxi industry loses $28.67B to ride-hailing apps; Bogotá epicenter of regulatory clash

A study quantifies $28.67 billion in losses for the taxi industry across Bogotá, Cali, Medellín, and Barranquilla, attributed to ride-hailing apps, while industry data shows these platforms have boosted income and employment. Judicial rulings and legal loopholes have created an uncertain regulatory environment, with Bogotá as the main battleground. The development highlights the economic disruption of digital platforms and the ongoing policy conflict in Colombia.