First, the fund. It will allow licensed Uber drivers to claim up to £5,000 towards a new hybrid or electric vehicle. Uber expects to pay out "well in excess" of £150 million over the fund's lifetime, but curiously is only contributing £2 million to the pot at launch. The rest, at least to begin with, will be funded through Uber trips. In London, all rides excluding UberPool (these are pretty green already) will rise by 35 pence — with all of the extra revenue going straight into the fund. A similar, but yet to be confirmed amount will be added to rides elsewhere in the UK "over the next year."
In addition, Uber will launch a diesel scrappage scheme in London. The first 1,000 people to hand over a diesel vehicle with a pre-Euro 4 emissions standard will be given £1,500 in Uber credit. That might appeal to passengers, but obviously it won't help drivers who still need to work while they save for a new electric or hybrid vehicle. Finally, the company is promising a network of Uber-branded rapid chargers in London. We've heard this one before, but now Uber says they'll be available "in the coming weeks." At launch they'll be exclusive to Uber drivers, but there's a chance the company will open them up to all EV owners in the future.
"Air pollution is a growing problem and we're determined to play our part," Fred Jones, Uber's Head of UK Cities said. "Londoners already know many cars on our app are hybrids, but we want to go much further and go all electric in the capital." The company's targets are ambitious, however. Electric cars are expensive, even with a £5,000 subsidy. Drivers need to be sold on the general feasibility of EV ownership too. The UK's charging infrastructure is improving, but it's still a long way off matching gasoline convenience. A 2019 switchover, therefore, might be a little optimistic.