Why the electric car era could threaten Uber and Lyft

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Why the electric car era could threaten Uber and Lyft
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Uber and Lyft both express confidence in their business model and have committed huge sums to help drivers transition to EVs.

The taxi business is going electric, which could spell trouble for ride-hailing giants like Uber and Lyft, who can't force their drivers to buy EVs.The two companies don't own and operate EV fleets or a charging infrastructure, and they rely on contract drivers who operate vehicles of their own choice.

to transition to an electric fleet with full-time drivers. It operates in Dallas, Houston, Miami and Los Angeles, but plans to expand nationwide by 2025.

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