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With companies are under pressure from activists, investors and politicians, cab hailing company Uber, has set goals of becoming carbon neutral by 2040

(Clarifies increase in paragraph 13 is one percentage point)

In parts of Latin America, however, the company told Reuters a transition for drivers to zero emission EVs was "impractical" in the near term, given nascent EV markets there. So in Mexico, Colombia, Ecuador and Costa Rica it is using the Uber Planet offset scheme, alongside efforts to encourage drivers to switch to EVs, it said.

The electric vehicle stock has become unstoppable as investors expect big things from Lucid Group.