For all the bad news about transit system, one state’s app-based ride-hailing companies are having an even harder year, with surging prices, moribund ridership, and an expensive legal blunder that sank an $18-million lobbying campaign.
Mayor de Blasio will not close a gap in insurance requirements that allows Uber and Lyft taxi drivers to have far less coverage when they are carrying passengers in New York City than anywhere else in the state.
Charging the for-hires for each passenger-minute in the Manhattan taxi zone is quintessential congestion pricing — and more effective against Manhattan congestion than the MTA’s one-size-fits-all FHV surcharge, our expert says.
Uber and Lyft taxis carrying passengers are allowed to carry dramatically less liability insurance in New York City than elsewhere in the state. This disparity leaves far less compensation for people injured by app-based taxis, a Streetsblog investigation found.