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Taxi and Limousine Commission Extends Cap On Ride-Sharing Vehicles

August 08, 2019 - 9:07 am

NEW YORK (WCBS 880) — New York City’s Taxi and Limousine Commission is extending a cap on the number of ride-sharing vehicles for another year.

A temporary cap was announced last year as part of a study looking into the impact of companies like Uber and Lyft on traffic.

The study found drivers spend 40 percent of their total work time looking for passengers.

Under a new rule now in effect, Uber and Lyft will have until next February to cut that time to 36 percent and then down to 31 percent by next August, or face fines.

The rules applies to vehicles below 96th street.