Uber Pulls Back From Electric Cars, Slashing Incentives for Drivers
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000After long pushing for government policies to speed adoption of electric cars, Uber embraced Trump's EV-battering legislation. Uber spent years trying to make it easier for ride-hailing drivers to ditch gasoline-powered cars.When Levi Spires, a 51-year-old Uber driver in Syracuse, New York, hit a deer and damaged his Prius last year, a $2,000 promotion from the ride-hailing giant enticed him to buy a Tesla. Over 23 months, he earned around $3,500 from Uber Technologies Inc. in additional EV bonuses driving about 139,000 miles. It was all part of Uber’s goal to rapidly move its drivers into cleaner cars.