NEW YORK, Aug. 9, 2018 - A yellow cab is seen on a street in Manhattan, New York City, the United States, Aug. 9, 2018. New York City Council passed regulations on for-hire vehicle industry on Wednesday, placing a year-long cap on the number of for-hire vehicles on the road. The app-based transportation industry in New York City includes about 80,000 vehicles, dwarfing the city's 13,587 medallion taxis, according to a latest study by the New School for the Taxi and Limousine Commission.

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