In major defeat for Uber and Lyft, New York City votes to limit experience-hailing vehicles

The New York City Council voted on Wednesday in favor of a cap on the variety of for-seek the services of shipping and delivery and transportation cars on the city’s streets, putting a gorgeous blow to tech companies like Uber and Lyft.

The council voted to halt the issuance of new for-seek the services of car licenses for 12 months whilst it experiments the booming market. Under the cap, Uber and Lyft could continue to be granted licenses for wheelchair-obtainable cars — which equally companies sorely lack — but would be prevented from adding new experience-hail cars for just one calendar year. The city’s Taxi and Limousine Commission could also challenge licenses in particular neighborhoods that are working low on experience-hail cars. A further bill that handed would build a $fifteen dwelling wage for…

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