NYC Sees Registration Onslaught Before App-Based-Ride Cap

uber new york
(Reuters/Mike Segar)

New York City saw an onslaught of registration applications just before it enacted a temporary cap on app-based rides like Uber and Lyft.

Under a bill signed Tuesday by Democratic Mayor Bill de Blasio, no new registrations will be granted for a year, except for wheelchair accessible vehicles.

The New York Post says the Taxi and Limousine Commission had received over 10,000 for-hire-vehicle registration requests in the two weeks since Aug. 1. That compares to 33,700 for all of last year.

Proponents say both the traditional yellow cab industry and app-based drivers have been suffering economically as for-hire cars flood increasingly congested streets.

Opponents say Uber and Lyft provide much-needed service to areas that are underserved by traditional taxis.

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