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MINNEAPOLIS:Competitors of Uber and Lyft are considering entering the Minneapolis market following the rideshare giants’ warnings of exiting due to a minimum pay regulation.

admin by admin
March 23, 2024
1 min read
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In the lead-up to Uber and Lyft potentially exiting Minneapolis due to a new minimum pay regulation, some City Council members have signaled openness to revising the ordinance.

Local taxi firms and emerging startup apps are already seeking to recruit drivers, anticipating the departure of the rideshare giants.

The recent ordinance, passed by a 9-4 vote, mandates a pay rate of $1.40 per mile and $0.51 per minute for rides within city limits, or $5 minimum.

Despite Uber and Lyft’s threats to leave, discussions among council members have turned to potential revisions.

Council members are now contemplating adjustments to the ordinance, with Council Member Andrea Jenkins proposing a reconsideration at the upcoming meeting on April 11.

Amidst this uncertainty, alternative rideshare companies are eyeing the Minneapolis market, with Pikkapp and others preparing to launch.

Additionally, existing options like traditional taxi services, public transit, and car-sharing programs provide immediate alternatives for commuters.

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