In an effort to reduce the environmental impact of its mobility business, Uber Technologies Inc (UBER - Free Report) commits to transition to a zero-emission platform entirely by 2040. Meanwhile, the company expects that by 2030, 100% of the rides will take place in electric vehicles (“EVs”) in the United States, Canada and Europe. To this end, Uber has committed to provide $800 million to help drivers switch to EVs by 2025.
Drivers operating EVs can earn as much as $1.50 extra for every Uber Green trip completed. Uber Green rides are either on EVs or hybrid vehicles and they produce up to 44% lesser carbon emission than a gas-powered car. Uber Green will be available in more than 65 cities across the globe by the end of this year.
Uber, carrying a Zacks Rank #3 (Hold), has collaborated with electric carmakers such as GM in the United States and Canada and Renault-Nissan in Europe, to provide drivers with attractive offers on electric vehicles.
Ride-hailing services such as those provided by Uber and Lyft (LYFT - Free Report) are believed to generate approximately 50% more carbon emissions than private-car trips. In June, Lyft, carrying a Zacks Rank #3, announced plans to switch to electric vehicles entirely by 2030. The company feels that the transition would be highly beneficial to its drivers. Although upfront costs of electric vehicles are currently greater than gas-powered cars, the former means reduced costs for drivers in the long run, since they have lower fuel and maintenance expenses.
Key Picks
Some better-ranked stocks in the Internet - Services industry are ANGI Homeservices Inc (ANGI - Free Report) and Etsy Inc (ETSY - Free Report) , both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of ANGI Homeservices and Etsy have rallied more than 48% and 100% respectively in a year’s time.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.
The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.
Click Here, See It Free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
In an effort to reduce the environmental impact of its mobility business, Uber Technologies Inc (UBER - Free Report) commits to transition to a zero-emission platform entirely by 2040. Meanwhile, the company expects that by 2030, 100% of the rides will take place in electric vehicles (“EVs”) in the United States, Canada and Europe. To this end, Uber has committed to provide $800 million to help drivers switch to EVs by 2025.
Drivers operating EVs can earn as much as $1.50 extra for every Uber Green trip completed. Uber Green rides are either on EVs or hybrid vehicles and they produce up to 44% lesser carbon emission than a gas-powered car. Uber Green will be available in more than 65 cities across the globe by the end of this year.
Uber, carrying a Zacks Rank #3 (Hold), has collaborated with electric carmakers such as GM in the United States and Canada and Renault-Nissan in Europe, to provide drivers with attractive offers on electric vehicles.
Ride-hailing services such as those provided by Uber and Lyft (LYFT - Free Report) are believed to generate approximately 50% more carbon emissions than private-car trips. In June, Lyft, carrying a Zacks Rank #3, announced plans to switch to electric vehicles entirely by 2030. The company feels that the transition would be highly beneficial to its drivers. Although upfront costs of electric vehicles are currently greater than gas-powered cars, the former means reduced costs for drivers in the long run, since they have lower fuel and maintenance expenses.
Key Picks
Some better-ranked stocks in the Internet - Services industry are ANGI Homeservices Inc (ANGI - Free Report) and Etsy Inc (ETSY - Free Report) , both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of ANGI Homeservices and Etsy have rallied more than 48% and 100% respectively in a year’s time.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.
The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.
Click Here, See It Free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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