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Hyperdrive

Uber Drivers Are Now More Concerned About Charging Than EV Cost

‘We’ve got to get to work,’ the company’s head of electrification says.

Takeaways by Bloomberg AI

When it comes to convincing millions of drivers to get behind the wheel of electric vehicles, Uber Technologies Inc. has good news and bad news.

First, the positive: Prices are coming down to levels at which EV cost is no longer the top issue preventing drivers in the US and UK from going electric. This is a first in the four years Uber has been surveying drivers.