Uber Technologies has revealed new initiatives aimed at making transportation more affordable, including a shared fixed-route ride service named "Route Share" that will be offered at half the cost of UberX. This service will operate during peak hours in major cities like New York, San Francisco, and Chicago. Additionally, the company is expanding its ride passes to help users secure lower fares, and it is set to partner with employers for pre-tax commuter benefits. As part of a broader strategy, Uber is also enhancing its fleet with electric vehicles and scaling robotic taxi partnerships.
Uber Technologies is targeting cost-conscious consumers by introducing shared fixed-route rides and expanding membership passes to combat slow revenue growth in an uncertain economy.
The new "Route Share" ride option will cost half as much as the traditional UberX service, providing affordable transportation during weekday rush hours.
Uber is also expanding its ride passes, which guarantee lower fares, to cities like Chicago, Dallas, and San Francisco, while integrating with pre-tax commuter benefits.
In collaboration with Volkswagen, Uber plans to launch thousands of fully electric vehicles as robotaxis, enhancing their fleet for both traditional and self-driving rides.
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