Thanks to a new partnership between Uber and Hertz, Uber drivers in London will be able to rent Tesla and Polestar vehicles to service customers in an effort to phase out gas-powered vehicles. Uber and Lyft must have 90% of their fleets run on electricity by 2030 under regulations enacted by California, the country's largest vehicle market. The EU is also enacting similar legislation.
To qualify to rent an EV through Hertz, drivers in the US must also maintain an average rating of 4.7 stars and have made at least 150 trips. Drivers who utilize hybrid or electric vehicles will also receive extra money per ride, equating to about 50 cents extra per ride for hybrid vehicles and $1.50 extra for battery-electric vehicles.
Electric Ride-Share Partnerships
Uber and Hertz are Making Electric Vehicles Accessible to Drivers
Trend Themes
1. Electric Ride-sharing - Opportunity to partner with ride-sharing companies and offer electric vehicle rentals to drivers.
2. Phasing Out Gas-powered Vehicles - Opportunity to develop and market electric vehicle rentals as gas-powered vehicles become less common due to regulations.
3. Driver Incentives for Using Electric Vehicles - Opportunity to offer monetary incentives to drivers that utilize hybrid or electric vehicles in ride-sharing services.
Industry Implications
1. Car Rental - Car rental companies can partner with ride-sharing companies and offer electric and hybrid vehicle rentals to drivers.
2. Electric Vehicle Manufacturing - As the demand for electric vehicles for ride-sharing services increases, there is an opportunity for electric vehicle manufacturers to develop purpose-built vehicles for ride-sharing services.
3. Renewable Energy - Demand for renewable energy will continue to grow as more companies adopt electric vehicles for ride-share services, creating an opportunity for renewable energy companies to provide charging infrastructure and energy solutions.