Why is Uber retreating from electric car incentives after pushing drivers toward EVs? [Los Angeles Times (CA)]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Los Angeles Times
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. But things changed last week when Uber discontinued the monthly EV bonuses. Losing the incentive, along with steadily declining hourly earnings, has caused Spires to rethink his future: “My goal is for Uber to not be my main profession anymore.” Uber needs all the clean miles it can get to reach its green goals and various local regulations. With 38 million daily trips globally, the company's emissions have nearly doubled in the past three years, and its climate footprint now surpasses the entire country of Denmark. Yet despite the rise in emissions and soaring profits, Uber is scaling back some of it
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UBER
News
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- WeRide and Uber Launch Autonomous Robotaxi Rides in Dubai, Expanding AV Footprint in the UAEBusiness Wire
UBER
Earnings
- 11/4/25 - Beat
UBER
Sec Filings
- 12/8/25 - Form 4
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- UBER's page on the SEC website