New York approves first US cap on Uber and other app-based taxis

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New York’s city council dealt a political blow to Uber Technologies Inc. and other app-based car-for-hire companies by approving a one-year industrywide cap on new licenses and giving the city Taxi Limousine Commission authority to set minimum pay standards for drivers.

The passage of sweeping industry regulations signaled politicians’ changed attitudes toward the so-called gig economy and electronic car-hailing services such as Uber, Lyft Inc. and Via Transportation Inc.

The council voted against a similar cap proposed by Mayor Bill de Blasio three years ago after Uber mounted a television ad campaign and mobilised drivers and customers to oppose it.

App-based licenses have since increased…

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