Uber to invest $260 Mn in London, aims to turn all its car electrified by 2025

PUBLISHED:

See more TechGraph stories in your search results.
Google Add TechGraph on Google

Uber on Tuesday announced that It will be investing $260 million to help all of its drivers in London transition to electric vehicles (EVs) by 2025.

The company unveiled plans to combat air pollution in the British capital, “By providing a fee of 15 cents per mile on every London booked trip, incentive payments to its drivers, and a diesel scrap scheme.

- Advertisement -

Uber said “The 15 pence “clean air rate” will help finance its switch to electric cars.” “with a penny of each levy charged toward driver incentives as well as other clean air schemes,” it added.

Uber will pay its drivers a certain amount to help them pay for electric vehicles, depending on the number of miles they have used in the company’s application. “For example, a driver who uses the application for an average of 40 hours a week can expect about 3,000 pounds of support for a VE in two years and 4,500 pounds in three years,” the company said in a statement.

The company expects 20,000 drivers to upgrade to electric vehicles by the end of 2021.

In addition, Uber will start a diesel scrapping scheme to remove 1,000 of the most polluting cars on the streets of London, the company said. The initiative will award the first 1,000 Londoners to discard diesel vehicles prior to the Euro 4 standard – a minimum emission standard set by the European Union in 2005 — up to 1,500 pounds in credits to spend on tours within the Uber application.

The company said it is working with several electric vehicles charging providers, including BP’s ChargeMaster, EO Charging, EVBox, and Franklin Energy, to help drivers find a charging point. The company says it has partnered with ChargePoint from the United States to give its drivers access to charging stations in central London.

London Mayor Sadiq Khan has prioritized cleaning the city’s dirty air and should impose a daily charge of £12.50 on drivers of older gasoline and diesel vehicles, polluting, in April. Dubbed the “ultra-low emission zone,” the area covered by the rate – which is added to the top of an existing congestion charge – will also expand to more roads in the inner area from October 2021 onward.

“The mayor of London has set a bold vision to combat air pollution in the capital, and we are determined to do everything we can to support it,” Uber Chief Executive Dara Khosrowshahi said in a statement.

“Our 200 million pounds clean air plan is a long-term investment in London’s future destined to be fully electric in the capital by 2025. Over time, our goal is to help people replace their cars with their phones. Of mobility — be it cars, bicycles, scooters or public transport – all in the Uber application. “

Stay ahead of the curve, every day.

A daily briefing covering news, interviews, and the trends driving the world forward. Curated for readers who want news, not noise.

We don’t spam! Read our privacy policy for more info.

- Advertisement -
Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.

Latest Stories

The Growing Gap Between Education and Employability in Young India

India's demographic dividend has long been regarded as one...

White Label Crypto Exchange vs Building From Scratch: Guide for Fintech Companies

Compare white label crypto exchanges with custom development across cost, control, compliance, maintenance, and long-term product ownership for fintech.

InspeCity Space Laboratories Appoints Rajeev Gambhir as Executive Vice President

Rajeev Gambhir will lead strategic partnerships and institutional engagement as InspeCity scales its space technology business.

Vingo Snaps $1.2 Mn in Seed Round Led by IndiaQuotient

The fresh capital will support product development, trust infrastructure, and user acquisition as the startup expands its marketplace.

Hero Enterprise, Cap Alpha Ventures Lead ₹65 Crore Series A in Vaaree

The investment will support Vaaree’s plans to improve deliveries and build new AI-powered home styling tools for its online marketplace.

Nebius Appoints Former Square Executive Lindsey Irvine as CMO

Former Square executive Lindsey Irvine has been named Chief Marketing Officer at Nebius, where she will oversee the AI cloud company’s global marketing efforts.

QubeHealth-Pay, Petos Partners to Expand Pet Healthcare Payments

The integration brings QubeHealth-Pay’s healthcare payment infrastructure to the pet insurance platform, with the companies targeting over ₹50 crore in pet healthcare payments within 18 months.

Related Articles

The Growing Gap Between Education and Employability in Young India

India's demographic dividend has long been regarded as one of our biggest strengths. With over 600 million people below the age of 25, we...

White Label Crypto Exchange vs Building From Scratch: Guide for Fintech Companies

Compare white label crypto exchanges with custom development across cost, control, compliance, maintenance, and long-term product ownership for fintech.

InspeCity Space Laboratories Appoints Rajeev Gambhir as Executive Vice President

Rajeev Gambhir will lead strategic partnerships and institutional engagement as InspeCity scales its space technology business.

Vingo Snaps $1.2 Mn in Seed Round Led by IndiaQuotient

The fresh capital will support product development, trust infrastructure, and user acquisition as the startup expands its marketplace.

Nebius Appoints Former Square Executive Lindsey Irvine as CMO

Former Square executive Lindsey Irvine has been named Chief Marketing Officer at Nebius, where she will oversee the AI cloud company’s global marketing efforts.

QubeHealth-Pay, Petos Partners to Expand Pet Healthcare Payments

The integration brings QubeHealth-Pay’s healthcare payment infrastructure to the pet insurance platform, with the companies targeting over ₹50 crore in pet healthcare payments within 18 months.

Gaurs Group to Launch Luxury Residential Project Gaur Alaris on Yamuna Expressway

Gaurs Group expects its latest luxury housing project near the Noida International Airport to generate nearly ₹1,900 crore in sales.

ProMobi Rolls Out New Scalefusion Update for Enterprise IT Teams

The latest Scalefusion update reflects how enterprise IT priorities are shifting from managing devices to securing users, identities and endpoints through a single platform.

InvestValue Launches ₹20 Crore ESOP for More Than 75% of Employees

The Fintech company is broadening employee ownership beyond leadership with a ₹20 crore ESOP programme covering more than three-quarters of its workforce.

ProMobi Rolls Out New Scalefusion Update for Enterprise IT Teams

The latest Scalefusion update reflects how enterprise IT priorities are shifting from managing devices to securing users, identities and endpoints through a single platform.

InvestValue Launches ₹20 Crore ESOP for More Than 75% of Employees

The Fintech company is broadening employee ownership beyond leadership with a ₹20 crore ESOP programme covering more than three-quarters of its workforce.

Remsons Industries Appoints Rahul Prabhakar Desai as CEO

Rahul Prabhakar Desai has been appointed CEO of Remsons Industries, succeeding Amit Srivastava as the automotive components manufacturer advances its planned leadership transition.

PayMe CEO Mahesh Shukla on Where Loans Against Mutual Funds Fit in India’s Credit Market

Mahesh Shukla, Founder & CEO of PayMe, outlines how India’s expanding mutual fund investor base is creating new opportunities for asset-backed lending without disrupting long-term wealth creation.

The Privacy Imperative: Judge India’s Abhishek Agarwal on Modernising Enterprise Infrastructure

The Judge Group’s Abhishek Agarwal discusses why data privacy is becoming a strategic business priority and how it is shaping enterprise technology and digital transformation strategies.

Hero Enterprise, Cap Alpha Ventures Lead ₹65 Crore Series A in Vaaree

The investment will support Vaaree’s plans to improve deliveries and build new AI-powered home styling tools for its online marketplace.

Remsons Industries Appoints Rahul Prabhakar Desai as CEO

Rahul Prabhakar Desai has been appointed CEO of Remsons Industries, succeeding Amit Srivastava as the automotive components manufacturer advances its planned leadership transition.

PayMe CEO Mahesh Shukla on Where Loans Against Mutual Funds Fit in India’s Credit Market

Mahesh Shukla, Founder & CEO of PayMe, outlines how India’s expanding mutual fund investor base is creating new opportunities for asset-backed lending without disrupting long-term wealth creation.

How AI Is Building India’s Next-Generation Emergency Mobility Infrastructure

Imagine this. A customer is stranded on the roadside due to a vehicle breakdown...

How AI Is Building India’s Next-Generation Emergency Mobility Infrastructure

Imagine this. A customer is stranded on the roadside due to a vehicle breakdown...

Beyond the Profile Picture: FRND CPO Harshvardhan Chhangani on Building Social Discovery for Bharat

FRND Co-founder and CPO Harshvardhan Chhangani discusses why voice-first interactions and AI-powered identity are redefining social discovery for users beyond India’s metro markets.

A Beginner’s Guide to Annual Auto Maintenance

Annual auto maintenance helps keep your vehicle reliable, safe, and ready for everyday driving....

Grading in the AI Era: AssessPrep’s Karan Gupta on Building Teacher-Led Assessment Models for Schools

As AI reshapes education, AssessPrep Co-Founder Karan Gupta discusses why teachers must remain at the centre of grading decisions and how this can support assessment without replacing educator judgement.