No NSW taxi plates after Uber legalised

NSW taxi drivers have welcomed the state government's decision to not release new licence plates this year shortly after it legalised ride-sharing service UberX.

The move to not release taxi licences into the market in 2016/17 will allow the industry to settle, NSW Taxi Council chief executive Roy Wakelin-King says.

NSW became the second jurisdiction in Australia to regulate UberX in December last year after the government moved to shake up the transport industry as part of its "Point to Point" reform.

Mr Wakelin-King said there had been a reasonable amount of uncertainty in the market since UberX was regulated.

"So this is a sensible and prudent decision in that context," he told AAP.

"It will allow the market to settle. We'll now wait and see what legislation the government actually implements."

The government's reforms, which include updating "outdated" transport regulations, and compensating taxi drivers through a $250 million industry adjustment package, are still being implemented, a Transport for NSW spokesman says.

"Considering the market is in a state of transition, as well as the growth in alternative options for customers, no taxi licences will be released into the market in 2016/17," he said.

"This decision balances the needs of customers for affordable taxi services, and the needs of taxi drivers and operators."

Wheelchair-accessible taxi licences will continue to be issued.

Taxi fares will not be affected and remain unchanged, the spokesman says.