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…