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NYC Mayor calls for ride-sharing to be 100% electric by 2030 / Minnesota lawmakers propose EV charging bill

Hey Insiders – Thanks for joining us for the latest transportation news. Here's what is happening with ride-share, EV legislation, and the airline industry:

Nicolas


1. New York City Mayor Eric Adams is calling for high-volume ridesharing services to fully transition to zero-emission vehicles by 2030. Uber and Lyft shared positive statements about the proposed requirement.

Q: In 2021, California also decided to require ridesharing services to be fully electric by 2030. What do you think about the timeline? Share your thoughts on Inside.com.

2. Lawmakers in Minnesota are considering legislation that would create a $2,500 tax rebate for EVs. The proposal would also let utilities install and operate charging stations.

Q: Should utilities be allowed to own and operate EV charging stations? Let us know.

3. Budget airline Ryanair expects to maintain profitability in the current fiscal year, with an outlook between €1.32B to €1.42B ($1.43B to $1.54B). CEO Michael O’Leary says the airline is seeing record sales for the summer, driven by U.S. tourists taking advantage of the favorable exchange rates and improved demand from Asia. 

Q: Ryanair is projecting 168 million passengers for the fiscal year. Do you think travel demand will remain high throughout the economic downturn? Share your thoughts.

4. Nissan and Hitachi plan to develop a system for powering elevators during outages with EV batteries. Ford and Renault are also testing their vehicle-to-grid capabilities for power outages.

5. EV subscription startup Onto raised £100M (~$124M) in a round led by investment group CDPQ and asset management company Pollen Street. Onto has a fleet of 7,000 vehicles in the U.K. and plans to use the funds to acquire more EVs.

6. Omega Seiki Mobility plans to invest $98.1M in two manufacturing plants for EV components in India. U.S.-based lithium-ion cells producer iM3NY is joining Omega on the project.

7. Volkswagen revealed it has over 15,000 electric vehicle chargers globally. The automaker seeks to install 45,000 fast charging stations by 2025 through its joint ventures with BP and Electrify America, among others.

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Nicolas is a Sr. Analyst at Inside, covering transportation and IT trends. He is an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped startups. 

Editor

Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords.

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