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UBER Partners With TotalEnergies to Drive Transition to EVs
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Uber Technologies, Inc. (UBER - Free Report) has partnered with TotalEnergies to support its electric vehicle (“EV”) efforts in France. Through the partnership, TotalEnergies will aid the transition of Uber’s drivers to electric mobility, by helping in vehicle conversion and providing easier access to charge points.
This partnership is a step toward Uber’s commitment to reach 50% electric vehicles by 2025 in France. On a broader perspective, the company, carrying a Zacks Rank #3 (Hold), has a commitment to transform to a zero-emission platform entirely by 2040, after becoming fully electric across Europe and North America by 2030. Uber’s rival, Lyft (LYFT - Free Report) , has a goal of switching to EVs entirely by 2030. Lyft carries a Zacks Rank #3.
Under the agreement, Uber drivers will be issued a TotalEnergies card, which would give them access to charge points located throughout the EV charging networks. By the end of 2021, drivers will have access to 20,000 charge points in France and more than 75,000 by 2025. Additionally, drivers will have the opportunity to be a part of TotalEnergies’ loyalty program, Club, which offers a wide range of services, such as, roadside assistance for electric or plug-in hybrid vehicles.
While the partnership is initially aimed at focusing on Uber’s EV efforts in France, it might extend to other European countries later.
Shares of Marchex and United Internet have rallied more than 100% and 27% in a year’s time, respectively.
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.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
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UBER Partners With TotalEnergies to Drive Transition to EVs
Uber Technologies, Inc. (UBER - Free Report) has partnered with TotalEnergies to support its electric vehicle (“EV”) efforts in France. Through the partnership, TotalEnergies will aid the transition of Uber’s drivers to electric mobility, by helping in vehicle conversion and providing easier access to charge points.
This partnership is a step toward Uber’s commitment to reach 50% electric vehicles by 2025 in France. On a broader perspective, the company, carrying a Zacks Rank #3 (Hold), has a commitment to transform to a zero-emission platform entirely by 2040, after becoming fully electric across Europe and North America by 2030. Uber’s rival, Lyft (LYFT - Free Report) , has a goal of switching to EVs entirely by 2030. Lyft carries a Zacks Rank #3.
Under the agreement, Uber drivers will be issued a TotalEnergies card, which would give them access to charge points located throughout the EV charging networks. By the end of 2021, drivers will have access to 20,000 charge points in France and more than 75,000 by 2025. Additionally, drivers will have the opportunity to be a part of TotalEnergies’ loyalty program, Club, which offers a wide range of services, such as, roadside assistance for electric or plug-in hybrid vehicles.
While the partnership is initially aimed at focusing on Uber’s EV efforts in France, it might extend to other European countries later.
Uber Technologies, Inc. Price
Uber Technologies, Inc. price | Uber Technologies, Inc. Quote
Key Picks
Some better-ranked stocks in the Internet - Services industry are Marchex (MCHX - Free Report) and United Internet (UDIRF - Free Report) , both carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Marchex and United Internet have rallied more than 100% and 27% in a year’s time, respectively.
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.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>