Uber Avoids Cap on Number of Its Vehicles in New York City

The planned cap on new Uber car-service vehicles in New York City will not materialize, the e-hailing service announced Wednesday.

Uber Technologies said it had struck a deal with New York City to avoid the cap, which would limit the company’s growth it what is considered to be the nation’s largest taxi and car service market.  New York City agreed to drop its plans to limit the number of vehicles the company operates in the city, at least for the time being.

The city plans to conduct a four-month study on the effect of Uber and other similar vehicle operators on New York City’s traffic patterns before determining if a cap is necessary.

Under the agreement, Uber will be required to release a trove of data that city officials had sought for their analysis.

In recent weeks, Uber had run ads criticizing New York Mayor Bill de Blasio, who was behind the cap.  The company now plans to drop those ads.

(Photo: Accura Media Group)