This report looks at the economic effects in Australia of Uber and its uberX ridesharing platform. The impact of the launch, and subsequent growth of Uber, and particularly its UberX platform is playing out as one of Australia’s most compelling sharing economy and digital disruption stories.

This report, commissioned by Uber, looks at the impacts of the new ridesharing economy on consumers, uberX driver-partners and the wider community.

Key report findings include:

• Operating at current levels, uberX creates benefits for consumers of approximately $81 million per year
• Ridesharing is growing the point-to-point transport market, with more than 60% of uberX rides new to the point-to-point transport market
• uberX services are, on average, just under 20% cheaper than equivalent taxi fares, including dynamic (surge) pricing.