clock menu more-arrow no yes

Filed under:

Yellow taxis will offer 50 percent discount in outer boroughs

New, 5 comments

The discount hopes to decrease the amount of yellow taxis without passengers during peak commuting hours

Shutterstock

New York City’s yellow taxis are looking to get even more competitive with ride-hailing apps like Uber and Lyft and will now offer outer borough commuters a 50 percent discount during morning and evening rush hour commutes to Manhattan.

The discount was approved by the Taxi and Limousine Commission (TLC) and is being offered through Waave, a smartphone app that the TLC approved as part of a two-year pilot program, giving passengers the ability to request rides and get upfront pricing. It’s hoping to reduce the number of passenger-less taxis on the road during rush hours to create a “better quality of life for both New Yorkers and taxi drivers,” says Waave CEO, Daniel Iger.

Uber and Lyft cars were found to outnumber yellow taxis by 4 to 1 and as a result, many taxi drivers have been dealing with financial strains. This week, an eighth taxi driver has committed suicide and it is believed that debt and the struggle to make a decent income as a yellow taxi driver is primarily the reason why.

Discounts will be available between 6 a.m. and 10 a.m. and from 5 p.m. to 8 p.m. everyday beginning November 15.