Fares are set to increase on Citi Bike for the second time this year, its parent company Lyft announced Wednesday, citing the high costs of maintaining its
The company is not changing the price of its annual membership, which stands at $219.99 per year, nor the price of a single trip under 30 minutes in length which stands at $4.79 or a day pass which remains at $19.
Meanwhile, caps on members’ e-bike rides that enter or exit Manhattan are set to increase from $4 to $4.80, should they take less than 45 minutes. Other e-bike rides do not have a price cap. If anything, Citi Bike is a victim of its own success. Its 15,000 e-bikes are incredibly popular, representing two-thirds of the system’s rides despite only making up one-third of the total fleet; Lyft now plans to up the proportion of e-bikes to half of all the system’s two-wheelers.
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