Caroline Spivack, of Crain’s New York Business, reported that 9,638 EV FHV (TLC Plate) applications were submitted ahead of a NY Supreme Court judge’s temporary restraining order (TRO) going into effect at 9am this Monday, November 13th. Evan Simko-Bednarski of the New York Daily News had similar figures to Ms. Spivack and reported 9,730 EV TLC Plate applications were submitted, with 11% of applications (~1,000 EV TLC Plates) coming from corporate entities.
The volume of applications implies the TLC received over $5 million of non-refundable application fees in less than a month and many drivers likely paid a similar amount to brokers who helped them navigate the rushed application process. In other words, we estimate ~$10 million 💰 came out of TLC-licensed drivers pockets THIS MONTH just in PROCESSING these EV applications. That sounds fairly “predatory” to us 🤔.
As a reminder, the TRO (i.e., pause in accepting new EV TLC Plate applications) is temporary, until the legal action betw…
