Gov. Pat McCrory has signed into law state regulations for ridesharing companies where potential customers use smartphone apps to hail drivers and complete cashless transactions.
McCrory signed the legislation Sept. 4 at the Charlotte Chamber of Commerce. He says the rules will help these “transportation network companies” grow, encourage competition and increase safety for those who use them.
These car services are available in North Carolina through companies such as Uber, Lyft and Sidecar.
The measure, approved by wide margins at the General Assembly, sets minimum standards for background checks of potential drivers and company liability coverage on private cars owned by their contract drivers. The companies also must pay $5,000 annual permit fees.
Uber publicly endorsed the regulations.
Topics Legislation North Carolina Ridesharing
Was this article valuable?
Here are more articles you may enjoy.
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
Preparing for an AI Native Future 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
