REMARKS
Impact of COVID-19 pandemic on the taxi industry
0:04:25
ยท
25 sec
Council Member Brooks-Powers highlights the additional challenges faced by the taxi industry due to the COVID-19 pandemic and its ongoing effects.
- The pandemic further reduced daily trips and driver revenue
- As of July 2024, the number of unique yellow taxis on the road is still 24% lower than pre-pandemic levels
- Medallions are slowly coming out of storage, indicating a gradual recovery
Selvena N. Brooks-Powers
0:04:25
In addition to this, the recent COVID nineteen pandemic further drove daily trips and driver revenue.
0:04:32
Although medallions are coming out of storage, monthly data reports released by TLC indicate that the number of unique yellow taxis on the road as of July 2024 are still 24% lower than their pre pandemic levels.