NYC Moves to Rein in Uber With Cap on Ride-Hailing Vehicles

uber cap
Drivers rally in favor of the ride-hailing-cap legislation in New York, Monday. (Drew Angerer/Getty Images)

New York City is reining in the growth of Uber, Lyft and other app-based ride services with a temporary cap on new cars picking up fares.

The City Council approved a package of bills Wednesday that included a one-year moratorium on new licenses for for-hire vehicles while the city studies the rapidly changing industry.

The Council also voted to set a minimum driver wage equivalent to the yellow cab wage for app-based drivers.

uber cap
Taxi-medallion owner Lal Singh shows a license, meter device and the medallion tag required to operate his cab in New York. (AP Photo/Bebeto Matthews)

Backers of the proposals said both the traditional yellow-cab industry and drivers for app-based services are suffering as Uber cars flood the city’s streets. They said the growth of ride-hailing apps has also worsened traffic congestion.

But opponents said Uber and Lyft provide needed service to neighborhoods outside Manhattan that are poorly served by yellow cabs.

To Read The Full Story

Are you already a subscriber?
Click to log in!

Hamodia Logo