Published on 6 Jan 2025 on Benzinga
Uber, Lyft Could Gain From New York City Congestion Pricing They Championed -...
New York City’s congestion toll program launched on Sunday, adding new fees for drivers and rideshare customers. Uber Technologies, Inc. UBER and LYFT, Inc. LYFT lobbied in favor of congestion tolls and are positioned to benefit from the new fees.
What To Know: The new congestion toll program is intended to reduce traffic congestion, improve air quality and raise funds for the city's mass transit system. Most drivers entering Manhattan’s Congestion Relief Zone, south of 60th Street, will be charged a $9 toll during peak hours while rideshare services will be charged significantly less $1.50 per vehicle.