New study says NYC has too many taxis

A new study suggests using carpooling apps could curb the amount of traffic caused by cabs in New York City.



The study, which was published by MIT, says using the option to carpool on rideshare service apps like Lyft and Uber could help save commuters an annual cost of $160 billion, which includes 7 billion hours of time lost to sitting in traffic and an extra 3 billion gallons of fuel burned.



The study also found that 3,000 ride-sharing cars could serve 98 percent of all rides.



Currently, there are more than 13,000 cabs and 45,000 drivers that work for Uber, Lyft and for-hire services in the city.


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