Stats show that 80% of all cab journeys in 2011 could have been shared.

Thanks to services such as Lyft, ride-sharing is now a much more accepted idea, except when it comes to the taxi business. Michael Szell at MIT's Senseable City Lab, recently found out that 80% of all cab journeys in the city could have been shared. With more than150 million taxi trips taken in 2011, it's clear that if people embrace the sharing economy, they could have an enormous environmental, and social impact on New York City.

The revelation comes as part of a project called HubCab, which could be the first step towards a fully-integrate taxi network that knows when two or more people are about to take the same route. People would only have to be willing to go three minutes out of their way each time to reduce the total number of trips taken each year.

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