⚡📈 ~9,700 New EV TLC Plate Applications Submitted

~9,700 EV TLC Plate Applications were submitted before Monday's TRO went into effect. City Council members are now officially criticizing policy, while TLC Chair Do stands by decision

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…