Breaking News

Synology Unveils DiskStation DS225 Plus New PS5 system update beta previews DualSense wireless controller pairing across multiple devices EnGenius Multi-Gigabit Switch Delivers 2.5G Performance with 90W PoE Viltrox’s AF 90mm F3.5 Lens for the DJI Inspire 3 EnGenius Announces Affordable ECW520 Access Point

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Uber to Increase London Fares to Fund All-Electric Future

Uber to Increase London Fares to Fund All-Electric Future

Enterprise & IT Oct 23,2018 0

Uber Technologies Inc. plans increase the cost of taking a ride in London by 15 pence (20 cents) per mile to create a 200 million pound ($260 million) fund to help drivers switch to all-electric vehicles.

Uber Chief Executive Officer Dara Khosrowshahi said the money "would not accrue to the benefit of Uber," but be put in individual savings account for each driver.

Uber's new fund is part of its plan to only have electric vehicles on London's roads by 2025.

The company said that when drivers upgrades to electric vehicles using the new fund, they would be completely free to work without obligations to use the vehicle for only Uber journeys.

Jamie Heywood, Uber's European boss, said an average driver working 40 hours a week over three years "could expect to save 4,500 pounds on the cost of an EV."

If a driver stops working for the company before taking advantage of the fund, the money will be spent on other clean air initiatives.

The announcement comes days before Uber heads to a London court to appeal a court ruling that its drivers should be entitled to benefits, including overtime and paid vacation. The court is expected to hear Uber's arguments on Oct. 30.

Tags: Uber
Previous Post
Latest Firefox Brings Enhanced Tracking Protection
Next Post
Western Digital Releases 3D NAND UFS Embedded Flash Drive, WD Purple microSD Card and Video Surveillance Data Management

Related Posts

  • Uber to Cut 6,700 Jobs, focuses on Core Rides, Delivery Business

  • Uber Sees Food-delivery Momentum, Says Rides Are Recovering

  • Uber and Alphabet Lead $170 Million Investment Into Lime Electric Scooters

  • Uber to Use Technology to Ensure Its Drivers Are Wearing Masks

  • Uber Withdraws Forecast and Will Write Down About $2 Billion

  • Uber Releases its 2020 Lost & Found Index

  • Uber Introduces the Work Hub to Connect U.S. Ride-hail Drivers to Delivery

  • Uber Says it Has Enough Cash Reserves to Withstand the Coronavirus Crisis

Latest News

Synology Unveils DiskStation DS225 Plus
Enterprise & IT

Synology Unveils DiskStation DS225 Plus

New PS5 system update beta previews DualSense wireless controller pairing across multiple devices
Gaming

New PS5 system update beta previews DualSense wireless controller pairing across multiple devices

EnGenius Multi-Gigabit Switch Delivers 2.5G Performance with 90W PoE
Enterprise & IT

EnGenius Multi-Gigabit Switch Delivers 2.5G Performance with 90W PoE

Viltrox’s AF 90mm F3.5 Lens for the DJI Inspire 3
Drones

Viltrox’s AF 90mm F3.5 Lens for the DJI Inspire 3

EnGenius Announces Affordable ECW520 Access Point
Enterprise & IT

EnGenius Announces Affordable ECW520 Access Point

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Terramaster F8-SSD

Terramaster F8-SSD

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed