New York City’s cap on the number of for-hire vehicles that can operate on its streets will continue—and a new provision will, in theory, limit the amount of time FHVs can spend idling without passengers.

Key findings

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NYC’s Taxi and Limousine Commission (TLC) voted unanimously to extend the original limitation on the number of licenses that can be issued; there are around 120,000 in use currently, more than double the number of licenses that had been issued five years ago.

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According to the TLC, 41 percent of the time FHVs are on the road is spent idling; under the new provision, app companies will need to reduce that number to 36 percent within six months, and to 31 percent within a year.

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An analysis conducted by New York City found that, 'In Manhattan, FHVs now make up nearly 30% of all traffic, confirming that reductions in FHV-related traffic could meaningfully impact overall traffic conditions.'

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