California rules Uber and Lyft must switch to electric vehicles in nine years
Left unsaid is who will pay the added cost of the mandate 05/21/2021
Photo (c) d3sign - Getty ImagesCalifornia regulators have ruled that 90% of the miles driven by Uber and Lyft must be in electric vehicles by 2030.
The California Air Resources Board says the mandate is designed to curb emissions from ride-hailing trips, but the data shows it’s a tall order. In 2018, EVs accounted for less than 1% of miles traveled by rideshare drivers in the state.
Even if the shift is possible, it will come at a price. EVs cost more than gasoline-powered vehicles. The average sale price of an EV is more than $50,000, although cheaper vehicles like the Tesla Model 3 have sticker prices between $30,000 and $40,000.
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