Back
~
2
min read
· Posted on
February 21, 2024

Uber's taking a hit to the hip pocket for the planet by reducing fees for electric vehicle owners

Uber is cutting fees for drivers who use electric vehicles in a push to increase EV uptake in Australia.

What's the key learning?

  • Uber will spend $26 million over the next 3 years reducing fees for Aussie drivers who use electric vehicles
  • Australia is lagging behind when it comes to electric vehicles, having only sold 20,665 EVs last year
  • �Sometimes the private and public sectors need to work together to promote common interests, like increasing EV uptake.

👉 Background: Uber is the massive global ride-sharing company that made its way to Oz in late 2012… and since then, it's grown to have over 1.5 million active riders in the country and 20,000 drivers.

👉 What happened: Uber will spend $26 million over the next three years cutting fees for drivers who use electric vehicles. The move is designed to increase EV uptake, and help Uber achieve its net-zero emissions goal by 2040.

👉 What else: It goes to show that while we have big national goals for the environment... sometimes we need a push from big private companies to meet them.

What's the key learning?

💡Sometimes the private and public sectors need to work together to promote common interests. One of those interests is increasing the number of EVs on the road.

💡It ain’t no secret that when it comes to electric vehicles, Australia is lagging behind - a lot. We sold just 20,665 EVs last year, compared to 3.4 million in China and 2.1 million in Europe.

💡The goal is for 50% of new vehicle sales to be electric by 2030. So, by incentivising drivers to make greener choices... Uber's staying a step ahead of the curve - and helping Australia hit some of its EV targets.

Ready to win at money?

Sign up for Flux and join 100,000 members of the Flux family

A button to App StoreGoogle Play store button
Excellent  4.9 out of 5
Star rating