Be The Change
Ford invested US$1 billion in autonomous driving startup Argo AI in 2017, and Volkswagen later joined with a $2.6 billion investment. It was an attempt to match the hype surrounding rivals such as Apple, Google, General Motors, Lyft, Uber, and Tesla. At its height, Argo AI was reportedly valued at $12.4 billion. But in October 2022 Argo AI shut down.
Meanwhile, GM is looking to expand its autonomous-driving business, which it believes is key to the future of the auto maker. (Barrons)
During New York City Mayor Eric Adams’ Second State of the City Address, he announced that ride-hailing companies like Lyft and Uber, must only operate EVs in the NYC by 2030.
Today, we are announcing that Uber and Lyft will be required to have a zero-emissions fleet by 2030. That’s zero emissions for over 100,000 vehicles on our city streets. And it will be achieved with no new costs for individual drivers. We’re pleased that both companies are embracing this shift, and we look forward to working with them to get it done. We’re also encouraging New Yorkers who drive to make the switch to electric vehicles as well, adding charging stations in all five boroughs.
Our commitment to improving the environment and fighting climate change means reinventing our energy sector across the board. New York will continue to lead the way to our clean-energy future by becoming the wind power hub of the Eastern seaboard. The South Brooklyn Marine Terminal will soon become one of the largest offshore wind port facilities in the nation. This will create jobs and help New York City meet our goal of 100-percent clean electricity by 2040.
That part of the address begins at about 1h:10m into the video »
Hertz Global Holdings Inc., fresh off a blockbuster order for 100,000 Teslas, reached an exclusive agreement to supply Uber drivers with electric vehicles and signed up Carvana Co. to dispose of rental cars it no longer wants.
Taken together, the deals represent a trifecta of aggressive and innovative initiatives with the potential to upend the car-rental business and hasten the transition to greener fuel sources. The car order on Monday, the largest-ever for EVs at $4.2 billion, was such as watershed moment that it propelled Tesla Inc.’s valuation past $1 trillion.
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Under the agreement with Uber Technologies Inc., drivers for the ride-hailing giant who previously had to provide and maintain their own EVs will be able to rent one of 50,000 Teslas from Hertz instead. The program, which starts Nov. 1, is an alternative to buying or leasing, and many drivers may find it more appealing.
Uber drivers can rent a Tesla through Hertz starting on Nov. 1 in Los Angeles, San Francisco, San Diego and Washington DC, with the program later this year expanding to cities nationwide, the ride-hail company said in a blog post.
The Tesla rentals, consisting mostly of the electric vehicle company’s Model 3 sedan, will be available exclusively to Uber drivers and start out at $334 a week, including insurance and maintenance. Uber said the rental cost would drop to $299 per week or lower as the program expands in the coming year.
Elsewhere » Car & Driver / The Verge / Axios
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