how do taxi medallions work
There were 13,605 taxicab medallion licenses in existence, 368 of them having been auctioned by the City of New York between November 2013 and February 2014. Each of these new medallions was earmarked for use with a wheelchair-accessible vehicle. Taxicab vehicles, each of which must have a medallion to operate, are driven an average of 180 miles per shift; the average total number of annual taxi passengers is 241 million.