Uber plans to go all-electric in London in 2025

Uber Technologies Inc

Uber plans for each of their car on its taxi app in London to be wholly electric in 2025 and will include a clean air fee to each trip from early next year, its boss informed reporters in London on Tuesday.

CEO Dara Khosrowshahi, who pulled out of a Saudi conference following the murder of journalist Jamal Khashoggi, also said the company would wait for answers about the incident before thinking how that might affect Saudi investment in a stock market flotation.

After reports that Uber was checking into acquiring British food courier Deliveroo, Khosrowshahi stated the firm was extremely happy with its Uber Eats equivalent but is discussing with many players across the world.

“Is something going to happen with Deliveroo? Who knows,” he stated.

The rapidly-expanding car sharing company is simultaneously trying to appease regulators in major markets such as London, with initiatives such as on environmentally-friendly vehicles, along with expansion into new areas ahead of a flotation.

After a media report stated the firm was looking for minority stakes in its self-driving car business Advanced Technologies Group, Khosrowshahi stated:

“It’s going to be part of the family and how the capitalization looks like is something that we are eventually open to but it is not an area of focus right now.”

To discuss the Khashoggi affair, asked about how company might handle Saudi investment as part of its IPO, he stated:

“First we want to get the facts and we will make that determination about how we go forward, how we raise money going forward, what our post-IPO board make-up is.”

“All of those are options and again we make conclusions based on all the facts,” he added.

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