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New York City Votes To Cap Uber And Lyft Cars
1 month ago - By Ubergizmo
In a setback for ride-sharing services like Uber and Lyft, The New York City Council has voted in favor of a cap on the number of for-hire delivery and transportation vehicles that can ply on the streets of the Big Apple. The council has voted to stop the issuance of new for-hire vehicle licenses for a year as it closely gauges the booming industry.
The vote means that Uber and Lyft can't add more cars to their platforms for one year but they could still be granted licenses for wheelchair-accessible vehicles. It's also possible for NYC's Taxi and Limousine Commission to issue licenses in...
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