Ride-hailing cap of 10,000 a ‘prudent’ start for Hong Kong, transport minister says
Hong Kong's transport minister has described the cap of 10,000 ride-hailing vehicles as a 'prudent' measure. This decision aims to balance the demand for ride-hailing services with the need for regulation. The minister emphasized that this initial cap will be reviewed in the future based on the market response.
- ▪The cap on ride-hailing vehicles in Hong Kong is set at 10,000.
- ▪The transport minister believes this is a prudent start for regulating the industry.
- ▪The government plans to review the cap based on market conditions and demand.
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