Uber CEO Dara Khosrowshahi acknowledged at the World Economic Forum in Davos that the company's goal of a fully electric fleet by 2030 is 'just not going to happen'. The App Drivers and Couriers Union (ADCU) called the reversal a 'hammer blow' for drivers who entered expensive Personal Contract Purchase agreements after Uber encouraged them to go electric. Uber's own electrification update shows EV uptake in Europe remains below a majority share of mileage, and Transport for London ended the 100% Cleaner Vehicle Discount on 25 December 2025.
Why it matters: The retreat signals that platform led EV adoption targets without binding procurement commitments or sustained incentives can unravel, leaving individual drivers and the charging networks built around anticipated demand exposed to stranded investment risk.