Ride-share service ‘Disrupted’ By New Regulations: Uber, Lyft, Lyft Now Have More Than 3,000 Locations In Texas, New Study Says article Uber, ride-sharing company Lyft and other ride-share services are being hit with a new regulatory framework that will limit their reach to just a few locations across Texas, a new study by a private equity firm shows.
The Texas Transportation Institute analyzed the number of ride-hailing and carpooling services in the state and found the number has increased from around 100 in 2013 to more than 200 in 2015.
The institute, a non-profit organization that helps promote transportation choices in Texas, conducted its study by surveying taxi companies and other business operators in Texas and in other states.
The study was published Wednesday in the American Economic Review.
The study found that ride-hare services such as Uber, UberPool and Lyft have a presence in more than 3,500 Texas cities and towns.
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Uber and Lyft were the first ride-hire services to launch in Texas in 2014.
UberPool was launched in 2014 and Lyft launched in 2016.
The companies also operate in Colorado, Arizona, Florida, Nevada, New Mexico, Texas, Utah and Washington, D.C.
The new regulations are set to take effect on March 3.
Lyft and Uber are scheduled to launch new service in 2021.
Lyft and Uber have been trying to expand their reach in the Texas market for a while, and Uber is working to launch a fleet of driverless vehicles in the Houston area that could allow the company to serve more of its users.
Uber has also been trying for years to expand its presence in California.
The regulatory changes are expected to create a huge opportunity for ride-service companies, according to the Texas Tribune.
Lyndon Lederberg, a partner with the Austin, Texas-based investment firm, Capital Partners, said the regulatory environment will create a lot of opportunities for ride services.
“The ride-pool industry is a big part of the Texas economy, but it’s been struggling to compete with ride-shares,” Lederberger said.
“It’s going to be a great time for these companies to compete for drivers, drivers to drivers, and drivers to riders.”
The Texas Tribune is a nonpartisan media outlet that is supported by the John S. and James L. Knight Foundation.