How Uber and Lyft Are Losing the Race to the Electric Future
May 11 2021, 12:28 AM
May 10 2021, 2:30 PM
May 11 2021, 12:28 AM
(Bloomberg) -- When Curt Kinder bought a new electric Chevy Bolt three years ago, he wanted an excuse to drive it as often as possible. âItâs so smooth, quiet and agile,â he said.
(Bloomberg) --
When Curt Kinder bought a new electric Chevy Bolt three years ago, he wanted an excuse to drive it as often as possible. âItâs so smooth, quiet and agile,â he said.
So the 55-year-old electrical engineer and business owner in Jacksonville, Florida, signed up to become one of the first electric vehicle owners to drive for Uber and Lyft. Like any curious engineer, Kinder kept a meticulous spreadsheet of income and expenses for all of his 6,000-plus ride-hailing trips. He quickly realized an important truth: It's more profitable to operate an EV than a gas-powered car.