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According to an April 2011 study by the Chicago Dispatcher, New York City taxis have a relatively low standard fare, charging an estimated $14.10 for a distance of five miles and five minutes wait time (compared to an estimated $18.48 in West Hollywood, CA and $12.87 in Houston, TX).till, as of December 2014, the number of new NV200 cabs in New York City remained low. The deployment of the city's Taxi of Tomorrow would result in almost all the existing fleet, of which about 6,000 are hybrid electric vehicles, to be replaced within 3 years with the non hybrid Nissan NV200 passenger van.
A New York City taxi medallion sold for $241,000 last week â less than one-fifth of what the cab-ownership tags were going for just four years ago. The sale,... A New York City taxi medallion sold for $241,000 last week â less than one-fifth of what the cab-ownership tags were going for just four years ago. The sale, which was approved by the Taxi and Limousine Commission and went through Friday, represents a low-water mark in the 21st century taxi medallion value, which has been diminishing ever since ride-share app companies, such as Uber and Lyft, entered the scene a few years ago. In 2013, some medallions sold for more than $1.3 million.