Will NYC TLC Lift the Plate Cap?

For several reasons, including issues related to the struggling yellow cab industry, we don't believe the TLC will undo the FHV Cap. We expect, EVs & WAVs to remain exempt

Since August 2020, the NYC Taxi & Limousine Commission (NYC TLC) has setup a system that reviews the number of NYC for-hire vehicles (FHVs) there are and decides whether the July 2018 FHV Cap (aka ‘TLC Plate Cap’) should be lifted. “For-Hire Vehicle License Determination” reviews are conducted twice a year, in February and August. The results and decision of the inaugural August 2020 review were published in September 2020. The findings of the next review should be published either this or next week. In the initial review, Commissioner Heredia Jarmoszuk stated:

“As the City progresses through its phased reopening, there has been a gradual increase in ridership…Presently, there are enough vehicles across all segments of the for-hire transportation industry to service demand. Therefore, it is necessary to extend the for-hire vehicle licensing pause. TLC will conduct a full review again in February 2021.” - TLC Commissioner Aloysee Heredia Jarmoszuk

Although ridership levels have begun to…