We reported just a couple of weeks ago that the car sharing service, Uber, had closed up shop in New York City as a result of city regulations and their likely enforcement.

To review, Uber is an online car sharing service, which operates outside of the regulations that cabs, limousines and other such chartered vehicles must operate under.  These services have been cropping up all over the U.S. as an alternative to the traditional “for-hire” vehicle services.  These services are also not necessarily operating with insurance, or with the levels of insurance that other operators must carry.

The New York Taxi and Limousine Commission (TLC) has announced that smartphone taxi apps will be allowed to operate if they are licensed with the TLC.  This means that the Ubers of the world will have to charge the same prices that traditional cabs charge; rates that are set by the TLC.

This means that these vehicle owners will need to buy a taxi meter and this meter may not be compatible with current smartphone apps.

There is still plenty to work out, but TLC Commissioner is seeking input from all parties, and there are hearing set for late November and early December.