Uber (UBER) Soars 3.24% on EV Transition, Waymo Expansion

Uber Technologies' stock surged 3.24% in pre-market trading on June 24, 2025, marking a significant rise in investor confidence.

Uber Technologies is making strides in its transition to electric vehicles, with a recent survey indicating that cost is no longer the primary barrier for drivers in the U.S. and U.K. to switch to electric vehicles. However, the challenge of charging infrastructure remains a significant hurdle, particularly for drivers without access to home charging stations. Uber is addressing this by expanding its charging network in collaboration with the C40 Cities Climate Leadership Group, focusing on cities like London, Boston, and Phoenix. The company has also developed tools to predict charging needs and guide the placement of charging stations, aiming to support 60% of its electric vehicle drivers.

Uber's partnership with Waymo has expanded to include Atlanta, where Waymo's robotaxis are now available through the Uber app. This service covers approximately 65 square miles in the city, marking a significant step in the companies' collaboration to offer autonomous ride-hailing services. The expansion follows successful launches in Austin, Texas, and Phoenix, Arizona, and is part of a broader strategy to integrate autonomous technology into Uber's platform.