by Yasir khan
Posted on November 23, 2023
If you’re considering a career as a private hire taxi driver in London in 2022, you’re likely wondering about the earning potential. Is it a profession that can sustain you comfortably, or can you thrive in today’s economy? Whether you’re a seasoned driver or someone looking to break into the taxi industry, there’s no better time to get started. The demand for licensed PCO (Public Carriage Office) drivers in the capital is on the rise, offering ample opportunities to boost your income.
Being a private hire taxi driver is an attractive choice for those who value flexibility in their work schedule. This profession allows you to decide when and how often you work. Your earnings are directly related to the hours you put in, giving you the power to adjust your schedule to meet your financial goals.
In the UK, the average annual salary for a taxi driver is around £28,296, or £17.40 per hour, according to data from Indeed. However, in London, you can expect to earn approximately £32,303 per year, which equates to £19.86 per hour, surpassing the London living wage of £11.05. Alternatively, Talent.com reports an average annual salary of £33,800 for taxi drivers in the UK, with the potential for experienced drivers to earn well over £46,000.
When you choose to drive for EliteExecutives, you open the door to earning at least the London Living Wage, if not more. In fact, our drivers are guaranteed to earn £5,000 in their first month, and the average weekly earnings typically hover around £1,000 before considering vehicle rental costs.
It’s important to factor in the total earnings, which should account for car rental and maintenance expenses. The rates and maintenance packages you’ll encounter may vary based on the company you choose to work for.
Your earnings as a taxi driver can be significantly influenced by your car rental and maintenance expenses. At EliteExecutives, we offer some of the most competitive car rental rates in the market for private hire drivers. In fact, depending on the number of jobs you complete, you may even pay nothing for your vehicle rental.
We take pride in providing safe, comfortable, and well-maintained electric vehicles that enhance the experience for both drivers and passengers. Our rental plan for taxi drivers encompasses everything from vehicle services and maintenance to insurance, roadside assistance, cleaning, and more.
So, if you’re looking to embark on a career as a private hire taxi driver with EliteExecutives, you can rest assured that you have the potential to earn a comfortable and satisfying income while enjoying the perks of our exceptional vehicle rental services.