Grab Expands Indonesian EV Fleet with 1,000+ BYD Vehicles

Southeast Asian ride-hailing giant Grab Holdings is set to add over 1,000 electric vehicles (EVs) to its Indonesian fleet, primarily sourced from Chinese automaker BYD. This expansion, fueled by a growing commitment to sustainability, will bolster Grab’s existing fleet of over 10,000 electric two- and four-wheelers. The move follows a similar strategy by Uber, which has partnered with BYD to introduce 100,000 EVs globally. Grab’s recent financial results showcase strong revenue growth and a growing user base, reflecting its commitment to innovation and expansion.

Uber Announces Financial Incentives for EV Drivers in London

Uber is offering significant financial incentives to drivers in London to switch to electric vehicles (EVs). The company will provide a £5,000 grant to drivers who purchase or lease a new or used EV. Additionally, EV drivers will receive three months of free charging credits worth £750 through bp Pulse, followed by an exclusive discounted charging rate. Uber is also partnering with bp Pulse to offer drivers additional financial assistance ranging from £12,000 to £17,000 towards the purchase of various EV models. These incentives aim to accelerate the electrification of the ride-hailing sector and contribute to the decarbonization of transport in Europe.

Tesla’s Robotaxi Plans Send Uber and Lyft Shares Lower

Tesla CEO Elon Musk’s announcement of the company’s plans for a robotaxi fleet during the Tuesday earnings call has caused shares of Uber Technologies and Lyft to decline in early Wednesday trading. The concept would allow Tesla owners to rent out their vehicles for a ride-hailing service, while Tesla plans to own vehicles in the fleet and generate revenue from the program. Tesla is scheduled to hold a key robotaxi event on August 8th, and these announcements have investors keeping a close eye on the development and potential impact on the ride-hailing industry.

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