Last week, New York City passed the nation’s first cap on new licenses for ride-hailing vehicles, like those driving for Uber and Lyft, citing in part concerns over worsening congestion and declining transit ridership. The decision represents the culmination of alarm over app-based ride-hailing companies and could serve as a blueprint for cities across the U.S.
Yes, but: Privately owned vehicles driven for personal use still dominate our transportation system, in large part because using one is cheap, fast and comfortable after the initial investment. Any regulatory solution to congestion must focus on personal vehicles first. Short of that, placing limits on Uber or Lyft will be a mere drop in the gas tank.