Autoplay: ON Autoplay: OFF
AutoComplete: Massachusetts to tax Uber, Lyft, and give money to taxisHyundai introduces on-demand test drives, and Tesla launches a two-year lease program.
Today is Monday, August 22nd, and here's what's making news on Road Show. If you take Uber or Lift in Massachusetts, your next ride might be a little bit more expensive. The state just signed into law a twenty cent tax on every ride share, five cents of which will go to improving the taxi industry. In the wake of all this new competition. The rest goes to cities and the states. Thankfully, this won't last forever. The five cent tax subsidy expires in 2021, and the whole 20 cent tax subsidy ends in 2026. If you hate going to the dealer for test drives, Hyundai has an interesting new idea you might enjoy. It teams up with Amazon for prime now drive now. A pilot programme that lets you select the time and location for a 45 to 60 minutes test drive of their 2017 Elantra Sedan. The programme is only available for a limited time, and only in the LA and Orange county areas for the moment. But it's still nice to see an auto maker adding some variety to a practice that's older than anybody on our staff. Are you waiting for a TESLA Model Three, but you want something to drive while you wait? TESLA is rolling out a two-year lease for its larger Model S and Model X vehicles. That should hold you over. A bare bones Model S runs about $593 a month With a $6000 down payment. That's not exactly peanuts but considering financing for a $60000 car is significantly more expensive each month. It's a semi affordable way to go electric while you wait for something cheaper to come along. Find more on these stories over at theroadshow.com and we'll talk to you tomorrow.