One of the country’s most popular ridesharing services is going electric. Uber recently added an option to its app that allows customers to choose EVs over gas-powered vehicles, and the company’s CEO told CBS News that it would convert its entire fleet to EVs by 2030.
CEO Dara Khosrowshahi told CBS News that the company wants to be fully electric in the United States, Canada, and Europe, and noted that its drivers have until the end of the decade to get on board. Those that can’t or won’t comply will not be allowed to continue driving.
Understanding that electric vehicles are exorbitantly expensive and out of reach for many buyers, Uber plans to invest $800 million to help soften the financial blow to its drivers. Those that already own EVs earn an extra dollar for every trip they take, and the company is joining forces with Hertz to provide longer-term Tesla rental options to interested drivers.
Early adopters seem to already be seeing upsides to Uber’s plan. One driver told CBS News that her weekly income had climbed $200 since taking advantage of the Tesla rental option, and she has been able to avoid higher gas prices on the other side.
Advantages for riders aren’t as clear, other than that they get the satisfaction of knowing their Uber ride used no gas. Electric vehicles are also quieter than gas models, so the rides could be more relaxing. The downside here for customers is the cost, as Uber’s electric ride options are more expensive than other choices.