Traditional taxis vs automated taxis - Does the driver matter for Millennials?

•The impact of automated taxis on traditional taxis are analyzed empirically.•Millennials‘ taxi rides are particularly suitable to be performed by automated taxis.•Interaction with the human driver does not justify the use of a traditional taxi.•Taxi cost rather than the fate of taxi drivers determine the Millennials' decision.•The Advent of Automated Taxis Poses a Threat to Public Transportation.