A Guide to EVs for Uber Drivers

The guide explains charging options, battery performance, and economic benefits, like lower fuel costs and increased savings based on driving distance. It also explores market trends, government support, and the growing infrastructure for electric vehicles in Australia.

First, to fully understand electric vehicles (EVs), we debunk myths about them:

Embracing the Future of Driving

Electric Vehicles (EVs) represent the cutting edge of automotive technology, offering drivers a cleaner, more efficient way to navigate their day. With instant torque and smooth acceleration.

They operate quietly, reduce emissions, and are part of a broader movement towards sustainability, aligning perfectly with modern urban lifestyles and professional driving services like Uber.

Simplicity and Reliability

One of the most compelling advantages of electric vehicles (EVs) compared to traditional vehicles is their simplicity. For example, a conventional vehicle like the Toyota Camry has over a thousand moving parts, whereas a modern EV like the Polestar 2 has dramatically fewer—approximately 20.

This reduction in mechanical complexity means fewer things can go wrong, leading to lower maintenance costs and less downtime for repairs.

Charging

At Home Charging - Effortless and Economical

Charging your EV should be as simple as charging your smartphone. By plugging into a standard home power outlet overnight, you can easily top up your vehicle's charge while you sleep. This method is not only convenient but also cost-effective, as it utilises off-peak electricity rates, making it cheaper than refuelling a petrol car.

If you have solar installed, its a good idea to charge your car during the day on any days off that you are not driving, as this will be the cheapest time.

Many EVs (such as the Kia EV5) come with a cable, which can be plugged into a standard 240-volt, AC domestic wall socket. While charging this way is the slowest way (its often referred to as "trickle charging"), and likely won't give you a full charge overnight (how much will depend on the size of your car's battery) it is a very convenient way to top up the charge in your car to keep you going longer.

For a faster charge, upgrading to a home AC fast charger (often referred to as a "wallbox" charger, although wallbox is just one brand of these types of chargers available) can fill up your battery in just a few hours (again depending on the size of the battery).

Approx. 80 percent of EV owners will change at home.

Public Charging - Seamless and Stress-Free

Modern EVs are equipped with advanced systems that help you locate the nearest charging station easily, integrating this information directly into your vehicle’s navigation system.

Additionally, numerous mobile apps provide real-time updates on the availability of chargers, helping you plan your stops efficiently and ensuring that you can charge up quickly and continue earning without significant interruptions.

Optimal charge for an EV is at 80% it’s best not to let it go below 20%. Utilise apps such as Plugshare to find the closest public EV charging location and to get real-time updates for charging availability.

EV Batteries

Kilometre Range

EV batteries typically support easily up to 320,000 kilometres, with many manufacturers projecting far higher distances.

Some high-quality batteries are estimated to last up to 400,000 kilometres before significant degredation begins to occur, ensuring long-term reliability for high mileage drivers like Uber operators.

Battery Warranty

Vehicles come with a manufacturer warranty for the battery. Data indicates that if there is a genuine issue with the battery, such as a fault, it tends to surface quickly, similar to faults in internal combustion engine vehicles.

This means any significant issues usually become apparent early in the life of the vehicle and within the warranty period, providing added security and peace of mind for drivers.

Degradation Rate

EV batteries degrade at an average rate of about 2.3% per year. This slow rate of degradation means that even after a decade, the battery will retain much of its original capacity, maintaining a reliable range for daily activities.

Economic Advantages of Driving an EV

Electric vehicles offer significant savings on fuel costs compared to internal combustion vehicles.

The savings also increase with the number of kilometres driven per week due to lower per kilometre costs for electricity compared to combustion engines, meaning EVs are even more beneficial for Uber drivers compared to every day consumers.

Number of km driven vs Savings

• 500 km/week: Drivers can save approximately $2,250 annually.

• 1,000 km/week: Savings increase to about $4,500 annually.

• 1,500 km/week: Potential savings reach around $6,750 per year.

• 2,000 km/week: Drivers could save nearly $9,000 annually.

These estimates are based on average electricity and fuel costs, and actual savings could vary based on local prices and driving habits.

Uber Incentives

Uber has been progressively enhancing incentives for EV drivers, reflecting a strong commitment to sustainable transport. A significant change is the phasing out of hybrid and internal combustion engine vehicles from eligibility for Uber Green, which is poised to increase the number of trips available exclusively to EV drivers.

This not only boosts potential earnings but also positions EV drivers favourably as users increasingly prefer environmentally friendly transport options. Uber continues to release initiatives to make it easy for riders to go green including rider emissions savings. As consumers become more aware of their Carbon footprint such initiatives will only strengthen riders preference for EVs. Some EVs are also eligible for Comfort Electric rides, which offer higher earnings per ride than Uber X.

Uber Green will now be an EV-only service after previously including hybrids.

Maintenance and Servicing Savings

EVs are not only cheaper to "fuel" but also to maintain. They require significantly less routine maintenance than gasoline cars—no oil changes, fewer brake jobs due to regenerative braking, and fewer mechanical pats to fail.

This reduced frequency in maintenance translates into savings on maintenance costs and less time spent off the road, which is crucial for maximising earnings for Uber drivers. By choosing an EV, Uber drivers can not only decrease their environmental footprint but also leverage economic benefits that improve their bottom line.

Integrating EVs into Your Daily Routine

Transitioning to an electric vehicle (EV) as an Uber driver introduces changes to your daily routine, but with simple planning, these changes enhance your workday rather than detract from it. EVs are not just a trend; they are the future of transportation, offering significant long-term benefits, including substantial financial savings and a reduced environmental footprint.

This section provides a practical daily structure that not only maximises your active driving time but also aligns charging periods with natural breaks, optimising both your earnings and time management.

Let’s dive into a daily plan that illustrates just how manageable and advantageous driving an EV can be, ensuring you reap all the benefits without any undue stress.

Navigating the Charging Landscape

The landscape for electric vehicle (EV) charging in Australia is rapidly evolving, making it easier than ever for Uber drivers like you to transition to an EV. From December 2023 to July 2024, the number of fast-charging locations has grown from 800 to over 1,000, marking a 25% increase. This expansion is set to continue with estimations indicating that by the end of 2024, there will be as many as 1,600 charging sites—a 100% growth within just 12 months.

The Australian government is actively supporting this growth through significant funding and initiatives aimed at improving the nation's charging infrastructure. In the 2024-25 budget, $60 million was allocated to enhance the installation of EV charging stations at automotive dealerships and workshops. This is part of a broader $154.5 million effort under the New Vehicle Efficiency Standard to boost the charging network across both urban and rural areas​.

Apps like PlugShare make finding charging stations straightforward, showing real-time availability and user reviews. This technology helps you plan your driving route and breaks, integrating charging stops without stress.

With the government's commitment and continuous improvements in technology, you can be assured that the infrastructure will keep pace with the growing number of EVs on the road, supporting your smooth transition to electric driving.

The Future is Electric: Ensuring Your Vehicle's Value

Electric vehicles (EVs) are quickly becoming a common sight in Australia, much like how hybrid cars became popular years ago. As more people buy and drive EVs, the market for used electric cars is expected to grow, making them a smart choice for Uber drivers looking for long-term value.

Growing Market and Good Resale Value

The second-hand market for EVs is expanding. As more EVs are sold and older models are traded in, the availability of used EVs is increasing.

This pattern is similar to what happened with hybrid cars—they started as a novelty but grew in popularity and maintained good resale value over time. As EVs become more accepted and trusted, their resale value is also likely to remain strong.

Support from Government and Buyers

Australians are showing more interest in EVs, driven by the desire to protect the environment and save on fuel and maintenance costs quickly.

The government is helping too, by funding more EV charging stations and offering incentives to make EVs more affordable. This support helps increase the number of new EV buyers and builds a healthy market for used EVs as well.

Looking Ahead

As more people see the benefits of driving EVs, both new and used electric cars are set to become more popular. This makes them a good investment for Uber drivers, who can count on their EV to hold its value and appeal in the future.

This growing trend suggests a bright future for EVs, making them a worthwhile choice for drivers looking to maximise their investment in a vehicle.

Transition Support by Splend

As you consider transitioning to an electric vehicle (EV), know that Splend is here to support you every step of the way. We understand that switching to an EV can seem daunting, but with our comprehensive support system, you're never alone in this journey. Here’s how we ensure you have all the help you need:

• Personalised Coaching and Support: Splend offers personalised coaching sessions tailored to your schedule and needs. Our experts can provide one-on-one guidance on everything from optimising your driving and charging routines to understanding the financial benefits of EV ownership. We’re here to help you maximise your earnings and make the most of your EV’s capabilities.

• Educational Workshops and Resources: We provide a range of workshops and digital resources that cover the ins and outs of EV technology, maintenance, and the latest industry trends. These sessions are designed to equip you with the knowledge to navigate the new landscape confidently.

• Technical Assistance: Our dedicated teams and 24/7 customer service are available to assist with any issues that may arise with your EV. Whether it’s troubleshooting charging problems or providing maintenance tips, we ensure your vehicle is running smoothly to keep your downtime to a minimum.

• Community and Peer Support: Join our community of like-minded drivers who have already made the switch to electric. This network allows you to share experiences, tips, and advice, creating a supportive environment that enriches your professional driving experience.

With Splend, transitioning to an electric vehicle is not just about upgrading your car; it’s about enhancing your entire driving experience. Our comprehensive support system is tailored to ensure that you thrive in the evolving world of ridesharing, making your move to an EV both a smart and rewarding decision.

About Splend

Splend makes car ownership easier, more affordable and more accessible for rideshare drivers by building everything they need to earn more and pay less into one affordable weekly payment. It’s smooth driving, with no surprises and the lowest total ownership cost you’ll find – which is how car ownership for rideshare drivers should be.

For more information about Splend, make an appointment and drop by to your local Splend Hub, email us, or say hello on 1800 775 363.