MIT study claims all New York cabs could be replaced with carpool vehicles

A new study has claimed only 3,000 four-passenger cars are needed to meet New York City's taxi demand. MIT developed an algorithm that suggest app-based carpool services, such as Lyft and Uber, could replaces the Big Apple's 14,000 taxis, with an average wait time of just 2.7 minutes. It was also found that the number of vehicles on the road would be reduced by 75 percent, which would also cut pollution and traffic by 300 percent. What makes MIT's system so unique is that it allows requests that would come in through an app, like Uber's, to be rematched to different vehicles, which allows resources to be used wisely MIT's new algorithm finds New York City only needs 3,000 four-passenger cars to meet the taxi demands - if they are all used for carpooling. The system allows requests to be rematched to different vehicles, which allows resources to be used wisely.