New York City just voted to cap Uber and Lyft vehicles, and that could make rides more expensive
https://www.cnbc.com/2018/08/08/new-york-city-votes-to-cap-uber-and-lyft-vehicles.html
New York City Council passed regulations on ride-hail companies such as Uber and Lyft on Wednesday, capping the number of vehicles on the road for one year and requiring that drivers be paid a minimum wage.
The year-long cap on new licenses for ride-hailing vehicles will take place while the Taxi and Limousine Commission (TLC) studies the effects of ride-hail services in the city. The cap will not apply to new wheelchair-accessible vehicles or new vehicles serving an area demonstrating need in a way that does not increase congestion.
New York City just voted to cap Uber and Lyft vehicles, and that could make rides more expensive
Aug 8, 2018, 9:33pm UTC
https://www.cnbc.com/2018/08/08/new-york-city-votes-to-cap-uber-and-lyft-vehicles.html
> New York City Council passed regulations on ride-hail companies such as Uber and Lyft on Wednesday, capping the number of vehicles on the road for one year and requiring that drivers be paid a minimum wage.
> The year-long cap on new licenses for ride-hailing vehicles will take place while the Taxi and Limousine Commission (TLC) studies the effects of ride-hail services in the city. The cap will not apply to new wheelchair-accessible vehicles or new vehicles serving an area demonstrating need in a way that does not increase congestion.