Uber (UBER) Soars 3.59% on EV Transition, Waymo Expansion

Uber Technologies' stock rose 3.59% in pre-market trading on June 24, 2025, marking a significant uptick in investor sentiment.

Uber Technologies has made substantial progress in transitioning its driver fleet 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. However, the company faces new challenges, particularly in Europe, where the lack of home charging infrastructure is a significant hurdle. Uber is addressing this by expanding its charging network in key cities and developing tools to predict and optimize charging station locations.

Uber's strategic partnership with Waymo has expanded to include Atlanta, where Waymo's autonomous vehicles are now available through the Uber app. This collaboration, which began in Austin, Texas, aims to increase the adoption of driverless vehicles. The service covers a 65-square-mile area in Atlanta, with plans to expand further. Uber will manage fleet services, while Waymo handles vehicle testing and roadside assistance. This partnership is part of Uber's broader strategy to integrate autonomous technology into its ride-hailing and delivery services, with over a dozen other companies also involved in this initiative.