Uber Will Let You Rent Out Your Car in Sustainability Push

Uber Technologies Inc. will make it possible to rent out your car on its app, with a peer-to-peer car-sharing service aimed at making its ride-hailing business more sustainable.

Through Uber Carshare, people will have the option to list their vehicle and make money when others rent it via the Uber app. The service launches in Boston and Toronto in the coming months, expanding on Uber’s first foray into car-sharing that began with the acquisition of Car Next Door in Australia last year.

Uber Technologies wants to cut emissions to zero by converting its entire fleet of cars to electric by 2040. But to do so, the ride-hailing giant will need support from both drivers and riders. CEO Dara Khosrowshahi explains the company’s new sustainability features to Bloomberg’s Emily Chang.

Source: Bloomberg

Uber Carshare is one of a slate of new features the company unveiled on Thursday at its ...