CleanTechnica•16 days ago
Uber Abandons EVs & Climate, After Cozying Up With Trump
Key Takeaway
Uber's abandonment of EV and climate targets due to political shifts signals increased policy risk and potential instability in corporate decarbonization commitments, impacting investment decisions for developers and large power consumers.
AI Summary
- •Ride-hailing giant Uber is reportedly abandoning its electric vehicle (EV) adoption targets and broader climate initiatives.
- •This reversal, following similar moves by Lyft, is attributed to "changed political winds in the US."
- •For developers and large power consumers, this highlights significant policy risk and potential instability in corporate climate commitments, impacting investment outlooks for EV infrastructure and decarbonization efforts.
- •The move suggests a potential slowdown in large-scale fleet electrification within the ride-hailing sector, affecting demand projections for EV charging and related power infrastructure.
Topics
emissionsfinancingpolicy
Article Content
If you didn’t have enough reason to dislike Uber before, you probably do now. The app-based ride-hailing company followed Lyft’s lead and made some bold-ish EV targets several years ago, then also provided its drivers with incentives to go electric. However, as the political winds in the US have changed, ... [continued] The post Uber Abandons EVs & Climate, After Cozying Up With Trump appeared first on CleanTechnica .