London may follow NYC in Ride-hailing cap

Date: 15 AUG 2018posted by Car Rentaledited by WinX

Similar to New York City, London has been facing an up hill battle against the number of vehicles on the road which has lead to traffic congestion, higher pollution levels and not enough fares for drivers in the transportation industry. And now Sadiq Khan, the outspoken charismatic mayor of London is seeking to follow in New York City's footsteps and applying a limit to the number of ride-hailing and private-hire vehicles allowed to operate in the city.

New York City was the first major U.S. city to regulate the number of ride-hailing drivers allowed to operate in the city. By signing a moratorium on licensing new drivers for one year, ride hailing services such as Uber and Lyft will not be able to add more drivers to their ranks. The only exemption made were for wheelchair-accessible vehicles. At time of signing, the New York City Taxi and Limousine Commission (TLC) released a prior report stating there were currently over 100,000 ride-hailing vehicles in New York City, almost doubled from the 63,000 in 2015. Both Uber and Lyft released separate statements before the vote in New York City. Uber felt while some of the regulations put forward were worthwhile, limiting the number of vehicles on the road would result in their services being less competitive. Lyft mirrored similar thoughts and claimed the legislation could reduce 25 percent of their drivers on the road.

London is currently facing similar numbers. Ride-hailing drivers have nearly doubled from 59,000 in 2010 to 114,000. Uber released a statement addressing Khan's proposal, "already more than half of the miles traveled with Uber are in hybrid or electric vehicles. By competing with private cars, getting more people into fewer vehicles and investing in our Clean Air Plan, we can be a part of solution in London."

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