Local Government: Cap Ride Share Surge Pricing

What’s happening? A Chicago Alderman is proposing capping ride share surge pricing at 150% of the normal fare during times of “peak demand.”

Why is this important? Surge pricing is getting more attention.

How will this be important? Cities and states are going to figure out how to regulate the price surging just like the regulate price gouging during emergencies.

Chicago Tribune | Chicago alderman wants to cap ride-share surge pricing