City Council vote on ride-share cap

City Council vote on ride-share cap

City Council vote on ride-share cap

The legislation imposes a one-year ceiling on non-wheelchair-accessible for-hire vehicles while the city undertakes a study on the impacts of ride-hailing. The new regulations, which restrict new licenses from being issued and stipulate a minimum wage for drivers, last for one year, and are the first of their kind to be imposed in a U.S. city.

In emails to almost 5 million New Yorkers last month, Uber said riders would face higher prices, longer wait times and less service in the city's outer suburbs by drivers.

They said the growth of ride-hailing apps has also worsened traffic congestion.

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However, lawmakers hope the limitations will help reduce congestion and protect taxi drivers who have seen a steep decline in income.

"Uber will do whatever it takes to keep up with growing demand and we will not stop working with city and state leaders, including Speaker Johnson, to pass real solutions like comprehensive congestion pricing", Uber said in a statement.

New York City is the largest American market for Uber and is now the first USA city to attempt to regulate the growth of app-based rides.

Uber spokeswoman Alix Anfang said the pause on new vehicle licenses 'will threaten one of the few reliable transportation options while doing nothing to fix the subways or ease congestion'.

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The legislation also allows the city to set a minimum pay rate for drivers and minimum fares for the industry.

At the same time, the value of the medallions that are required to operate a yellow cab has plunged from more than $1million to $200,000 or less, forcing many medallion owners into bankruptcy. That's in contrast to 14,000 taxi drivers. De Blasio called the growth of ride-hailing a "crisis" and said the services are clogging streets and "driving New Yorkers into poverty".

Gold said the outstanding 40,000 licenses belong to black vehicle and livery drivers, workers Uber will aim to recruit.

"We're going to aggressively go after the 40,000 existing [for-hire vehicle] licenses to add to the 80,000 that we already dispatch to", Gold said.

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