Uber has announced it is holding its annual product event on May 16th. The company said it would present new products and updates, among other things.
The May 16th event will be the second after Uber hosted the “Go/Get 2021” last year, where it made a number of announcements related to the pandemic. The company, for example, announced you could set up a vaccine appointment with the app. It also announced car rentals, multi-stop rides, and a 30-day trip reservation window.
Speaking on this year’s edition, chief product officer at Uber, Sundeep Jain, said, “We are excited to introduce our latest innovations at Go/Get 2022. As the world keeps changing, the Uber team keeps building products to serve consumers’ changing needs. We can’t wait to share what’s next.”
This year, Uber will talk about travel and sustainability. This is not surprising as Uber acquired 50,000 EVs from Tesla through car rental company Hertz last year. Uber plans to rent out the cars to its drivers that meet specific requirements as it aims to electrify its fleet in the US by 2030.
Many car makers are looking to drop internal combustion engine vehicles around the world, spurred by looming bans by many governments. The trend is to phase out carbon-emitting automobiles in favor of battery-powered cars. For example, the UK seeks to prohibit the sale of new light-duty ICE vehicles from 2030, while Norway will implement its own ban years earlier in 2025. In the latter country, electric vehicles are already more represented in the monthly registered new cars. Experts say the country can achieve 100 percent EV car sales even before 2025.
Adding to the pressure are rules targeting ride-hailing companies like Uber. The state of California, the biggest in the US in terms of the auto market, has stipulated that 90 percent of the total fleet be electric by 2030. As such, it is wise for Uber to start making the moves right away so as not to be caught napping.
It will not be surprising if delivery is center stage come May 16th. That part of Uber’s business, including Uber Eats, has witnessed rapid growth. This was while its main business struggled to recover after pandemic restrictions were lifted. The food and other kinds of delivery saw a 33 percent increase last year over the previous year.
The CEO even confirmed that the delivery section reported its first quarterly profit recently, calling Uber Eats the fastest-growing player in the delivery business in the US.
We will bring you more details of the event as they emerge before the date. You can also expect comprehensive reporting of the event itself.