Uber Sets Goal to Reach Net-Zero Emissions by 2040

Uber Technologies Inc., one of the world’s largest ride-hailing companies, is pledging to eliminate all emissions from every trip booked on its platform globally by 2040.

Uber released on Tuesday a slate of targets that it said would slash its carbon footprint. It committed to spending $800 million by 2025 to help drivers switch to battery-powered electric vehicles (EVs). By 2030, the company expects all rides in the U.S., Canada and Europe will take place in EVs, a promise that will be extended around the world by 2040. It also pledged that all electricity used to power those rides would be carbon-free by that year.

The ambitious goals come as ...