Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Uber Drivers Offered Significant Discounts on Kia Electric Cars

by May 20, 2024
May 20, 2024
Uber Drivers Offered Significant Discounts on Kia Electric Cars

Londoners accustomed to seeing their Uber drivers in Toyota Priuses may soon find them driving electric Kias instead as Uber is set to offer more than 35,000 of its London drivers up to £22,000 in grants and discounts to transition from hybrids, diesel, and petrol cars to fully electric vehicles.

The app-based taxi service aims to make its entire fleet of 50,000 vehicles in the capital zero-emission by the end of 2025. Currently, only a quarter of Uber’s London fleet runs on fully electric power.

To achieve this ambitious goal, Uber will launch an initiative this week, offering £5,000 grants to ensure each of its London drivers switches to electric vehicles over the next 18 months. This initiative is funded by a £145 million green surcharge fund that Uber has accumulated in the UK.

Uber has also secured significant discounts from car manufacturers. For instance, drivers interested in the £56,000 Kia EV6 will benefit from a £17,000 discount from the Korean manufacturer, coupled with the £5,000 grant from Uber, bringing the car’s price down to £34,000.

Similarly, the popular Kia Niro EV will be available for £20,000 after a £12,000 discount. Andrew Brem, general manager of Uber UK, emphasized the urgency of accelerating electrification, especially given recent slowdowns in electric car sales in Britain due to affordability concerns.

Manufacturers are supporting the scheme as they aim to meet government-enforced quotas. Car makers are required to ensure that 22 per cent of their vehicles are electric in 2024, with this quota rising to 28 per cent in 2025, or face penalties.

This move by Uber comes as UK sales data show a decline in the growth of new electric car sales to private motorists, primarily due to the high upfront costs of these vehicles. By offering substantial incentives, Uber hopes to overcome these barriers and contribute to a greener future for London’s transportation network.

Read more:
Uber Drivers Offered Significant Discounts on Kia Electric Cars

0
FacebookTwitterGoogle +Pinterest
previous post
Are Government Prohibitions Effective?
next post
UK Businesses Eye Billions in Saudi Deals at Great Futures Event

You may also like

Primark to open at least four new stores...

November 28, 2022

5 Things to Consider When Choosing a Crypto...

November 20, 2024

UK ‘energy crisis hotspots’ identify areas at greatest...

August 22, 2022

Take These Tactics: How the High-Stakes World of...

February 25, 2025

StoryTerrace agrees partnership with UKTV in airtime-for-equity deal

February 7, 2023

How Eyewear is Becoming the New Business Accessory:...

April 15, 2025

Business Is Personal: Why hospitality still wins in...

May 2, 2025

Ominous dip: UK manufacturers fear deepening downturn in...

March 17, 2025

Labour’s farm tax reforms could cost Treasury £2bn,...

June 3, 2025

UK Economy Stagnates in April Amid Wet Weather

June 12, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump’s Debanking Order Calls for Investigation, Something Tennessee Should Have Done

      August 7, 2025
    • $93 million in aid to fight malnutrition headed to 12 African countries, Haiti, State Dept says

      August 7, 2025
    • $93 million in aid to fight malnutrition headed to 12 African countries, Haiti, State Dept says

      August 7, 2025
    • America’s Not-So-Secret Secret Police

      August 7, 2025
    • Poll: Nearly 1 in 4 Americans Think They Have a Personal Social Security Account

      August 7, 2025
    • Republican senator claims RFK Jr. mRNA vaccine decision undermines Trump agenda

      August 7, 2025

    Categories

    • Business (8,704)
    • Investing (2,185)
    • Politics (16,335)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved