Uber, Lyft taking higher portion of fares, according to UCLA report

NEW YORK (PIX11) — The prices of rideshares is increasing, but New York City drivers are seeing less money, according to a new study from UCLA.

In 2019 the average fare was about $12 but by the end of April 2022, it was over $18. The cost of a ride rose 50 percent, but the driver pay only 31 percent.

Rideshare companies are now taking around 21 percent of the fare.