The cap, the first to be imposed in a major city, will last for one year while the city conducts a survey on the impacts of the ride-hailing fleets.
Now the legislation heads for New York Mayor Bill de Blasio's desk, who is expected to sign it.More news: China places tariffs on another $16B worth of USA goods
But opponents say the regulations could result in longer wait times and higher prices for ride-hail services.
GOP communications strategist Lee Carter said the ride-sharing cap campaign is less about driver wages and has more to do with congestion on the streets of NY.
"The city's 12-month pause on new vehicle licenses will threaten one of the few reliable transportation options while doing nothing to fix the subways or ease congestion", Uber said in a statement. The hits to the taxi industry reportedly contributed to the deaths of multiple drivers in past months. The Council also voted to set a minimum driver wage equivalent to the yellow cab wage for app-based drivers.More news: As US slaps on fresh tariffs, China fires back
FILE PHOTO: An illuminated sign appears in a Lyft ride-hailing vehicle in Los Angeles, California, U.S. September 21, 2017.
Lawmakers who backed the measure cited congestion in the city and hoped that it would stop the decline in compensation for drivers, according to WABC in NY. "These sweeping cuts to transportation will bring New Yorkers back to an era of struggling to get a ride, particularly for communities of color and in the outer boroughs", said Joseph Okpaku, Lyft's vice president of public policy, in an emailed statement. Several members of the committee did not respond to a request for comment.
The New York City Council originally mulled a similar ban in 2015, but it stepped away from the issue before any legislation was approved. The only vehicles not affected by the new limits are those with wheelchair accessibility. That wouldn't bode well for Uber, which is considering going public next year.More news: Meghan Markle’s Birthday Gifts: What She Can and Can’t Keep