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Uber announces ambitious initiative that could save drivers big money: 'Helps bring down the cost'

"And ultimately, it's good for cities."

Uber will soon offer incentives to companies for building more electric vehicle charging stations.

Photo Credit: iStock

Uber will soon offer incentives to companies for building more electric vehicle charging stations. 

The rideshare giant said it is encouraging the installation of more EV chargers where its drivers live and work, according to a report by The New York Times. Uber plans to guarantee a minimum charging time to the charger companies to incentivize them to expand in these areas.

It will provide EV usage data to these brands to help them decide where to build, with particular focus on New York, Los Angeles, Boston, San Francisco, London, Paris, and Madrid. Uber hopes to facilitate 1,000 new charging stations in the U.S. and Europe. 

The highest concentration of rideshare trips occurs in cities, and drivers often live and drive in the same neighborhoods. But there aren't always enough accessible charging stations in cities due to space restrictions and costs. 

For EV drivers who live in spread-out suburbs or rural towns, it's more likely that they can charge at home. But apartment dwellers in urban areas may rely on street parking or public garages without charging ports.

Driving to stations and charging then cuts into their working hours, putting them at a disadvantage in the places with the most ride opportunities. EVs can save drivers money over gas-powered cars, but they need adequate charging sources to make that a reality.

"Over time, we think electrification helps bring down the cost of running their business on Uber," said Pradeep Parameswaran, the global head of mobility at Uber, per The New York Times. "And ultimately, it's good for cities. It brings down emissions."

Uber is also investing in the future of self-driving vehicles because they are usually electric. It announced it would spend $100 million on new charging hubs for autonomous cars and continue partnering with leading taxi tech brands like Waymo. 

EVs are a popular choice for eco-conscious consumers, and they help you save money over time on fuel and routine maintenance. They're good for the environment because they don't require gas or pollute the atmosphere with pollution. 

Switching to an EV can have even more of an impact by pairing it with solar panels. Charging your car with solar energy at home can dramatically increase the EV cost savings, and TCD's Solar Explorer can help you get started. This free resource simplifies the process with concierge-level service. It helps you find vetted, local installers and compare quotes so you find the best price on new solar panels. 

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