California’s quest for a cleaner, greener environment is making its way to the rideshare services like Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT). The California Air Resources Board (CARB) issued a draft proposal Wednesday that calls for nearly all rides in transportation network companies (TNC), commonly known as rideshare services, to be in electric vehicles by 2030.
The Clean Miles Standard is scheduled to be voted on by the full CARB board on May 20.
The report cited the growing need to...