Switching to EVs could save drivers for transportation network companies (TNC) like Uber and Lyft thousands. The potential for extra money in their pockets would alleviate pressure as international protests against companies like Uber are picking up steam. Some studies suggest that the average TNC driver makes less than $10 an hour after expenses are considered. Using these assumptions, full-time driver working 125 miles a day could save more than $3,300 a year on fuel cost alone by switching to an EV. Despite these savings, most ride-hail drivers have not made the switch. High upfront costs of EVs and limited access to public charging are barriers for ride-hail drivers who looking to drive EVs. Companies like Maven Gig, GM’s carsharing service, are seeking to bridge these gaps.
To encourage drivers to adopt EVs, Maven offer rentals of Chevy Bolts for a flat rate of $229 per week which includes unlimited miles and the cost of charging at EVgo stations. Maven also offers gasoline-powered vehicle rentals for $199 per week, but drivers have to cover fuel costs. With their charging costs covered, EV drivers can achieve fuel cost savings well in excess of the $1,560 per year extra they would pay for a Bolt rental.
The key to this program and maximizing driver income is direct access to public fast charging. Fast charging reduces the time drivers spend waiting to refuel and lowers the opportunity cost of missed rides. The Bolt’s 238-mile can comfortably cover the average 125 daily miles driven Maven drivers when coupled with short sessions at fast charging stations.
To expand access to public fast charging, Maven and EVgo work directly with cities. Los Angeles has been selected as the home for the first local network, and the second of three hubs was opened on April 22. Los Angeles is a key market for Maven, accounting for 35 percent of the miles traveled across the service over the last two years. Maven’s partnership with other cities including Austin has accelerated public charging deployment. Austin Energy’s Plug-in Everywhere Program offers unlimited charging for a monthly $4 subscription which complements additional programs offering rebates for private charging stations and reduced off-peak charging rates. In cities like Boston that have lower public fast charging density, Maven has partnered with electric companies like Eversource to build out the network.