Happy Thursday! Today is June 27, 2024, and this is The Morning Shift, where we bring you the latest automotive news from around the world. Here are the key stories for you to know today.
Uber is offering an interesting opportunity for car owners in select cities. If you live in Chicago, DC, Los Angeles, Miami, San Francisco, Toronto, or Vancouver, the company is encouraging you to leave your car at home and use rideshare services instead. In fact, Uber may even pay you to do so. Under the “One Less Car” initiative, Uber will select up to 175 car owners from these cities to participate in a five-week program starting on July 22. Participants will receive $500 in Uber credits, a $200 voucher for car rental or carshare services, and $300 for alternative modes of transportation such as public transit. While this may seem like a way for Uber to boost its business, it’s also a step towards reducing emissions and promoting more efficient forms of transportation.
In other news, the EU and China are currently negotiating over tariffs on Chinese electric vehicles. The EU is considering imposing tariffs on Chinese EVs due to concerns about government subsidies that make it difficult for European EVs to compete. China is hoping for a mutually acceptable solution with the EU to avoid these tariffs. Meanwhile, in the U.S., increased tariffs on Chinese-made vehicles are causing delays in the launch of certain electric cars. Volvo has announced a one-year delay in the U.S. launch of its EX30 electric crossover due to the higher tariffs. This move is part of the Biden administration’s efforts to prevent an influx of Chinese EVs into the U.S. market.
The recent cyberattack on CDK Global, a provider of dealer management systems, has had significant impacts on dealerships across the country. However, there is some hope on the horizon as CDK successfully tested bringing a small group of dealers back online. This positive development suggests that dealerships may soon be able to resume operations as usual. Despite the challenges posed by the cyberattack, CDK is working diligently to restore services to all affected dealerships.
As we navigate the ever-changing landscape of the automotive industry, it’s important to stay informed about the latest developments and initiatives that are shaping the future of transportation. Whether it’s exploring new ways to reduce emissions, addressing trade disputes over tariffs, or overcoming cyberattacks on critical systems, the industry continues to evolve and adapt to meet the challenges of the modern world. Stay tuned for more updates and insights on the automotive world right here on The Morning Shift.