New York City approves one-year cap on Uber, Lyft cars

NEW YORK (KGO) -- The New York City Council has approved a one-year cap on the number of Uber, Lyft and other ride-hailing cars allowed to operate within the five boroughs.

The council voted Wednesday 39-to-6 in favor of the cap, which will put a one-year moratorium on new for hire vehicle licenses.

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Supporters of the cap point to the big increase of ride-hailing cars that has led to awful street congestion and the decimation of the city's taxi industry.

Uber fought the legislation hard.

"The city's 12-month pause on new vehicle licenses will threaten one of the few reliable transportation options while doing nothing to fix the subways or ease congestion," an Uber spokesperson said in a statement.
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