California regulator introduces new EV mandates for ride-hailing giants
Category: #headlines  | By Nikita Chaurasia  | Date: 2021-05-22 |
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

California regulator introduces new EV mandates for ride-hailing giants

California’s clean air regulator has reportedly released new guidelines, making it compulsory for ride-sharing platforms such as Uber and Lyft to use electric vehicles. This move is a first-of-its-kind by any U.S. state.

Both Uber and Lyft have decided to comply with the new regulation. However, citing this goal as unachievable without the government’s assistance, the two companies have asked the state body to financially assist the drivers for this transition to electric vehicles.

Uber has claimed to invest USD 800 million by 2025 to assist drivers to switch to EVs. On the contrary, the majority of the CARB’s (California Air Resources Board) 14-member team has condemned the companies for not doing their bit for the driver’s welfare.

One of the board members reportedly hinted at putting compensation on the ride-sharing companies. He further stated that there is no way to confirm that Uber and Lyft would bear the costs to compensate for the air pollution created by their vehicles.

The norms have been accepted unanimously by the California Air Resources Board. They have further set the target year 2030 for the ride-hailing apps to cover 90% of their miles using EVs. Notably, the companies Uber and Lyft have themselves set the target to completely shift to EVs in the U.S. by the same year.

However, the companies have claimed the targets set by CARB to be unrealistic. This involves developing large-scale EV charging infrastructure by 2030 which is highly uncertain.

According to the study by the Union of Concerned Scientists, the cost to meet the set target of 2030 might touch USD 1.73 billion.

As far as the automotive sector is concerned, this move has assured vehicle manufacturers to forecast the sales figures when everyone is gearing up to upscale the EV production. However, experts claim that consumer sales still remain uncertain.

Source credits-

https://www.usnews.com/news/top-news/articles/2021-05-20/california-regulator-adopts-ev-mandate-for-uber-lyft-ride-hail-fleets

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Nikita Chaurasia     twitter

Nikita Chaurasia

Having always been daft at wordplay, Nikita Chaurasia, post the completion of post-graduation, commenced her journey into the content generation cosmos. Endowed with a professional MBA degree in Advertising and Public Relations, Nikita strives to integrate her creativ...

Read More..

More News By Nikita Chaurasia

McKinsey commences job cuts focused on non-client serving teams

McKinsey commences job cuts focused on non-client serving teams

By Nikita Chaurasia

McKinsey and Co. a consulting giant entity has decided to start cutting jobs in one of the biggest rounds of layoffs for the company. This is likely to eliminate the jobs of about 2000 employees from work. The layoffs will be focused on support st...

Fintech firm PayPal to shed around 2000 staff as global economy plummets

Fintech firm PayPal to shed around 2000 staff as global economy plummets

By Nikita Chaurasia

PayPal, the U.S.-based fintech giant, has reportedly announced that it will cut nearly 2000 jobs, approximately 7% of its workforce, as it turns the latest prominent tech company to shed staff in a bid to cut costs. The online payments provider cl...

EasyJet sees a rise in bookings as customers plan their next vacations

EasyJet sees a rise in bookings as customers plan their next vacations

By Nikita Chaurasia

British multinational low-cost airline group, EasyJet, has reported a record surge in bookings for the month of January as people prioritized their travel plans for the coming year. The news comes as airlines world over start to show signs that they&...