Dec 17, 2018 - Technology

2019 to bring higher prices for New York ride-sharing

A line of cars and taxis in New York

Photo: Spencer Platt/Getty Images

A new congestion fee in Manhattan's busiest zones and an upcoming first-of-its-kind minimum wage rule for ride-sharing drivers will cause the costs of using Uber and Lyft around New York City to spike in 2019, Bloomberg reports.

The big picture: The $2.75 fee for ride-sharing vehicles — $2.50 for yellow taxis — takes effect Jan. 1 as a part of Uber- and Lyft-backed efforts to reduce congestion, allowing ride-sharing services to complete trips faster and pick up more customers. Meanwhile, Uber has fought against the new wage rules for its drivers set to come into effect later in January as well as a freeze on ride-sharing licenses in New York.

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