New York City just voted to cap Uber and Lyft vehicles, and that could make rides more expensive

New York City just voted to cap Uber and Lyft vehicles, and that could make rides more expensive

6 years ago
Anonymous $oIHRkISgaL

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.

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