New Congestion Surcharge Hurts Taxi Passengers and Drivers: NYC Taxi Group President
*By Amanda Weston*
Catching a ride in New York just got more expensive, and passengers aren't the only ones complaining.
"It's a problem for the drivers," Aleksey Medvedovskiy, the president of NYC Taxi Group, told Cheddar Wednesday. "It's a problem for the general public."
As of [early February](https://abcnews.go.com/Business/judge-approves-congestion-pricing-york-city-taxi-uber/story?id=60778450), the new surcharge is $2.50 per fare for taxis and $2.75 for trips with ride hailing companies like Uber and Lyft.
The new fee applies to rides passing through central Manhattan, the site of significant traffic issues. Passengers are responsible for paying the surcharge ー but drivers don't share in any of the profit. The proceeds in their entirety will be directed to the MTA to improve public transportation.
Medvedovskiy said he's dubious about this method.
"I don't think congestion pricing will decrease the amount of traffic in Manhattan," Medvedovskiy said. "I think there should be other solutions, other alternatives besides charging $2.50 and $2.75 for a passenger and passing it off to the state."
While riders will be the ones shelling out the extra cash, Medvedovskiy said drivers are "100 percent" upset.
He added drivers already are forced to fight for passengers, who may now consider taxis a less attractive option, given the extra cost. But his biggest concern, Medvedovskiy said, is the lack of downtime for drivers.
"It's the cars sitting, not servicing the public," Medvedovskiy said. "The drivers don't want to drive because they don't make enough money."
For full interview [click here](https://cheddar.com/videos/nyc-taxi-drivers-speak-out-against-new-fee-for-customers).
Bambu Ventures's Kyle Pretsch dives into Lemonaid’s $10M buyout, down from 23andMe’s $400M price tag, and what’s next after Chrome Co.’s dramatic pivot.
Former Cisco Systems CEO John Chambers learned all about technology’s volatile highs and lows as a veteran of the internet’s early boom days during the late 1990s and the ensuing meltdown that followed the mania. And now he is seeing potential signs of the cycle repeating with another transformative technology in artificial intelligence. Chambers is trying take some of the lessons he learned while riding a wave that turned Cisco into the world's most valuable company in 2000 before a crash hammered its stock price and apply them as an investor in AI startups. He recently discussed AI's promise and perils during an interview with The Associated Press.
Grove Collaborative’s CEO shares how the company is reinventing everyday goods with sustainability at the core and working toward a plastic-free future.
Atlanta Mayor Andre Dickens shares plans for affordable housing, community-led growth, and why private and public grocery stores could be key to food equity.
Tesla reported a surprise increase in sales in the third quarter as the electric car maker likely benefited from a rush by consumers to take advantage of a $7,500 credit before it expired on Sept. 30. The company reported Thursday that sales in the three months through September rose 7% compared to the same period a year ago. The gain follows two quarters of steep declines as people turned off by CEO Elon Musk’s foray into right-wing politics avoided buying his company’s cars and even protested at some dealerships. Sales rose to 497,099 vehicles, compared with 462,890 in the same period last year.
Tom’s Guide Editor-in-Chief Mark Spoonauer breaks down Apple & Amazon's latest product drops—what's hot, what's hype, and what really matters for users.