Jan 24, 2020 - Economy & Business

Uber's new London move with Nissan on electric vehicles

Laminated folder with the Uber logo on it
Photo: Smith Collection/Gado/Getty Images

Uber announced Friday a deal with Nissan to provide up to 2,000 electric Nissan LEAFs to drivers in London at a discount.

The big picture: Electrifying vehicles used by mobility services is important for keeping emissions from ride-hailing in check as it grows.

The intrigue, via CNBC: "The deal with Nissan arrives at a difficult time for the company, which faces being blocked in the U.K.’s capital after Transport for London (TfL) stripped it of its license."

  • "Uber has since appealed the move, and can continue operating in the city while it fights the ban in the courts," they note.

How it works: Some of the money for the program will come from the "clean air fee" that Uber began charging in London a year ago, which supports a fund to help drivers go electric.

  • Uber said it has raised roughly $105 million thus far, and expects to raise over $260 million more over the next few years.
  • Ultimately, Uber hopes to have all London rides be electric by 2025.

Go deeper: Big corporate players launch new electric vehicle group

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