[joseakle]

For an average of 7 rides/day ~7 years, 20 rides/day ~3 years. Assuming the car is working daily.

[repsilat]

Having a taxi collect a $1 just to redistribute it back to taxi drivers seems a little pointless. The real impact will be in the levy money collected by Uber drivers, so the ratio of Uber drivers to taxi medallions is very relevant.