Zero: The Climate Race
The backlash against EVs is growing. Uber is pushing back.
Oct 17, 2024
Dara Khosrowshahi, CEO of Uber, dives into the ride-sharing giant's ambitious green goals amidst growing backlash against electric vehicles in the US and Europe. He reveals Uber's plans to electrify its fleet by 2030 and advocates for more EVs on the road. The conversation touches on the challenges of transitioning drivers to electric models and the intersection of EVs with autonomous technology. Dara emphasizes the business benefits of sustainability while discussing the critical need for a fair transition for Uber's workforce in this evolving landscape.
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Quick takeaways
- Uber is committed to achieving a fully electric fleet by 2030 in the US and Canada and 2040 globally, investing $800 million to encourage driver adoption of EVs.
- The emergence of autonomous vehicles presents challenges and opportunities for Uber, as the company seeks to create new jobs for drivers while enhancing customer experience through improved ride quality.
Deep dives
Uber's Commitment to Electric Vehicles
Uber is dedicated to transitioning to electric vehicles (EVs), pledging to be fully electric in Europe, the U.S., and Canada by 2030 and globally by 2040. To support this transition, the company has invested $800 million, with significant funding directed towards incentives for drivers to encourage them to adopt EVs. These incentives are designed to make electric rides more profitable for drivers, highlighting a mutually beneficial relationship between environmental goals and economic viability. Despite the ambitious targets, challenges remain, such as supply shortages and the need for regulatory support, particularly in expanding the availability of electric ride options.
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