Mobility
Bolt promises limits on dynamic pricing despite new law removing legal cap
The new legal framework for TVDE services has removed the previous cap that prevented dynamic prices from rising more than 100% over the average of the last 72 hours. Bolt's general manager in Portugal states the company will continue to set its own "reasonable" thresholds for price increases to avoid extreme surges, though these may now exceed the previous double-price limit during peak demand events. Additionally, Bolt reports that 500 taxi drivers have registered on its platform, with the company expecting them to begin operating as TVDEs in October, once necessary government regulations are published.
Why it matters
If you use ride-hailing apps, be aware that while the legal limit on "dynamic pricing" has been lifted, the platform claims it will continue to cap surge pricing internally; taxi drivers are also expected to start appearing on these apps as early as October.ObservadorRead original ↗
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