Uber promises 100% electric vehicles by 2040, commits US$800mil to help drivers switch


Uber said its goal is to reduce the overall cost of ownership for electric vehicles, which are currently more expensive than gasoline cars. — Reuters

Uber Technologies Inc on Sept 8 said every vehicle on its global ride-hailing platform will be electric by 2040, and it vowed to contribute US$800mil (RM3.33bil) through 2025 to help drivers switch to battery-powered vehicles, including discounts for vehicles bought or leased from partner automakers.

Uber, which as of early February said it had five million drivers worldwide, said it formed partnerships with General Motors and the Renault, Nissan, Mitsubishi alliance.

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