What percent of vehicles on the road do Taxi and FHV represent?

Taxi and For-Hire Vehicles (FHV) represent approximately 3% of the total vehicles on the road. This statistic is significant as it highlights the relatively small but important role that these vehicles play in urban transportation systems. Taxis and FHVs contribute to mobility, especially in densely populated areas where public transit may not adequately meet demand. Understanding this percentage can help inform policy decisions regarding traffic management, regulation, and the development of transportation infrastructure. The figure also emphasizes the need for effective regulation and oversight to ensure safety and service quality in this sector.