Assessing the Ride-Hailing Company Commitments to Electrification

The global transition to electric vehicles continues, with the major markets of China, Europe, and the United States leading the way. Cumulative global electric vehicle sales through December of 2018 surpassed 5 million units, and the fifth million arrived a quick four months after the fourth million.1 At the same time, although largely a separate trend, ride-hailing fleets are greatly expanding across hundreds of cities in the largest markets, and this growth is expected to continue.