An Uber or Lyft ride could be about to get more expensive in New York City.
New York’s city council has voted to cap the number of vehicles ride hailing apps are allowed to operate.
In addition a bill imposed minimum pay standards on drivers which will be regulated by the Taxi and Limousine Commission.
The bill orders a 12-month cap on all new for-hire-vehicle licenses in the city, except for wheelchair accessible vehicles.
New York Mayor Bill de Blasio has pledged to sign off the bill into law.
“More than 100,000 workers and their families will see an immediate benefit from this legislation,” he said.
According to a TLC study, there are 80,000 drivers working for ride hailing apps in the city compared to about 13,500 yellow cab drivers.
The TLC report found 85% of drivers earn much less than the equivalent of a $15 an hour minimum wage which takes effect in New York later this year.
“Uber will do whatever it takes to keep up with growing demand and we will not stop working with city and state leaders,” Uber said.