At 5 o'clock on Aug. 14, New York City turned its clocks back to the 1930s. The Taxi and Limousine Commission officially stopped issuing licenses to most for-hire vehicles, effectively declaring war on Uber and Lyft in an effort to protect taxis from competition.
This is the first of many steps that aim to constrain popular app-based ride-sharing platforms within the antiquated regulatory structure that city officials first imposed on taxis when Franklin D. Roosevelt was president.
The package of new laws recently signed by Mayor Bill de Blasio imposes a one-year moratorium on new for-hire vehicle licenses for any non-wheelchair accessible vehicles, requires the commission to set minimum pay, and mandates a 12-month study of traffic congestion and other issues. Once the study is completed, the commission will be able to artificially raise fares and restrict the number of ride-sharing vehicles.