As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by NYTimes.com:
New York City officials are moving to cap the number of vehicles driving for Uber and other ride-hailing services as part of an aggressive move to address mounting concerns that their explosive growth has led to worsening congestion and low driver wages.
The legislation being considered by the City Council would make New York the first major American city to set a limit on ride-hailing vehicles, which in a relatively short period of time have transformed the transportation networks in cities across the world. Mayor Bill de Blasio, while stopping short of fully endorsing the proposal, suggested that the time had come to rein in the industry.
The article goes on to state the following:
The proposal supported by the City Council speaker, Corey Johnson, would halt the issuance of new for-hire vehicle licenses, except for vehicles that are wheelchair accessible, while the city conducts a yearlong study of the industry.
It is the second attempt by New York City — Uber’s largest United States market — to cap the company’s vehicles after a failed effort by Mr. de Blasio in 2015. Since then, the number of for-hire vehicles in the city has surged, rising to more than 100,000 vehicles, from about 63,000 in 2015, according to the city.
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