NYC taxi fares expected to increase by 23% by the end of this year | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 95%

Business News News

Business Business Latest News,Business Business Headlines

The cost of a New York City taxi ride is expected to increase by nearly 23% by the end of 2022, marking the first taxi fare increase in a decade, according to a unanimous vote held Tuesday by the NYC Taxi and Limousine Commission.

Additionally, the base rate for New York City cabs is expected to rise from $2.50 to $3.00, while rush hour surcharges will increase from $1 to $2.50. Airport cab fares from John F. Kennedy International will spike from $52 to $70 and rides from LaGuardia Airport will include a $5 surcharge, a TLC presentation — provided to CNN — indicates.

This is the first taxi fare increase in ten years, and these raises will help offset increased operating expenses and the cost of living for TLC-licensed drivers,” said TLC Commissioner David Do in a statement to CNN. Higher gas prices, inflation, and increased driver expenses, including the cost of buying a new vehicle, are all factors that affected the decision to raise fares.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Biden has more than double the gasoline what do you expect?

In Myanmar (Burma), Taxi ride’s cost from International airport to Downtown only cost $4 🤣🤣. Even in Singapore, Singapore $ 20 or 30 maximum.

Keep voting for communist NYC!

Got No Argument Here!!!...

Good for the drivers. They deserve it. Bad for me who has no $$. They need to start the airport busses up again because cabs are out of the question.

That is absurd !!!

As long as it still feels like you are going to die every time you ride one

Fair enough unlike over here where you just wake up to price hikes without explanations.

Everything will be up 20% by the end of ‘23. That’s gonna happen when you infuse the economy with 25% more printed cash.

Thank your local democrat

Oops.

As an ignorant non New Yorker, why doesn't the fair get reviewed every year or every other year? 10 years seems too long without seems odd. Also, Uber?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines