Why the Next Ride You Share Could Be in an Electric Car

Published on August 3, 2024

Another 500 electric vehicles (EVs) will be offered to Australian ride-share drivers as part of a $20 million (US$13 million) government investment in cutting emissions from the growing industry.  The Clean Energy Finance Corporation’s latest cash injection in Splend, which rents electric vehicles to ride-share drivers, will double its financial support for the company.  Federal Climate Change and Energy Minister Chris Bowen said the investment was designed to accelerate cuts to transport emissions as ride-share cars were driven up to four times as far as private-use vehicles.  The $20 million investment in Splend comes more than a year after the corporation first invested in the Sydney firm, and is expected to fund the addition of 500 electric cars, bringing its fleet to 2000 vehicles. ...

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