Chicago City Council, like other cities, is looking to reign in ride share price surging. Here’s the policy plan in Chicago:
- surge pricing cap implementation to offset companies that use predatory pricing
- surge price cap would be 150% of a regular fare during the 7 days before the unforeseen emergency
- unforeseen emergency would be defined as “any actual or threatened terrorist attack, mass shooting, major disruption in public transportation, failure or shortage or electric power and inclement weather.”
Chicago Sun Times | City Council takes aim at rideshare ‘surge pricing,’ safety concerns