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Uber announces $800 million commitment to help its drivers buy electric vehicles

Uber is immediately expanding its "Green" program to new cities and setting a longer-term target of having fully electric cars account for 100% of rides on its platform in the U.S., Canadian and European cities by 2030.

Why it matters: Those plans — and other new climate pledges Uber unveiled Tuesday — come as ride-hailing firms face growing scrutiny over their carbon emissions amid evidence they're cannibalizing public transit and increasing congestion.


It follows Lyft's vow in June to have 100% of the rides in its platform come from zero-emissions vehicles by 2030.

How it works: Uber this morning announced moves, including...

  • Launching Uber Green program — which provides rides in EVs and hybrids — today in San Francisco, Los Angeles, Seattle, Vancouver and a bunch other cities, with plans to have the program in over 30 cities by year's end. It includes new incentives for drivers to use EVs.
  • An $800 million commitment aimed at helping "hundreds of thousands" of Uber drivers worldwide overcome cost barriers to transitioning to EVs over the next 5 years. They're offering incentives of up to $1.50 per ride, and rolling out new partnerships with automakers to defray costs.
  • New and wider steps to integrate their ride-hailing with micromobility and public transit, including a new feature that "integrates UberX and public transportation travel routes into one complete route."

The big picture: Uber's longer-term goal is that by 2040, 100% of worldwide trips on their platform are in EVs, public transit or micromobility.

  • "It’s our responsibility as the largest mobility platform in the world to more aggressively tackle the challenge of climate change," CEO Dara Khosrowshahi wrote as part of a new report on the company's climate efforts.

Yes, but: Uber acknowledges that achieving their electrification goals rests on factors that they don't control.

  • “We can’t do this alone,” Khosrowshahi told reporters on a call this morning, citing the need for “unprecedented” collaboration.

It also require steps by policymakers and other industry participants to spur EV and charging infrastructure deployment.

  • Their sustainability pledges include new partnerships with automakers like GM and Renault to help make EVs more affordable to drivers.
  • Another part of their plans is working with the nonprofit World Resources Institute and other groups on a "global road map" to enable more EV adoption.

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Japan tops U.S. 2-0 for softball gold

TOKYO – Holding the U.S. team to just three hits, Olympic host country Japan captured the first gold medal for softball in a dozen years, winning 2-0.

Why it matters: Japan is the Americans' main rival in softball. The sport's Olympic future remains uncertain.

The pandemic created boomerang-worker tech hubs — and they're not going away

"Boomerang workers" — those who've returned to their home towns to do remote work — rose with the pandemic, but the phenomenon shows signs of sticking around beyond it.

The big picture: Workers typically have to move to where the jobs are, centralizing top talent in big coastal cities. But as COVID drove rapid adoption of remote work, many people who were able to opted to return to their roots to be closer to family, raise kids in familiar settings or simply escape big city life.

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