Close Menu
TIMES24H – International Breaking News
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    TIMES24H – International Breaking News
    • Hot!
      • Vietnam
      • Asia
      • Video
    • World
      • PR Newswire
      • Media OutReach Newswire
      • GLOBENEWSWIRE
    • Business
    • Life
      • Lifestyle
      • Recipes
      • Fashion
    • Sport
    • Tech
      • Gadgets
    Media Outreach Newswire
    TIMES24H – International Breaking News
    Home»Gadgets»Uber and Lyft Prices Continue to Surge Due To Driver Shortage — Incentives Does Not Seem To Help?
    Gadgets

    Uber and Lyft Prices Continue to Surge Due To Driver Shortage — Incentives Does Not Seem To Help?

    Mike HarrisonBy Mike HarrisonMay 30, 2021No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Uber and Lyft are getting more bookings from passengers in comparison to when the COVID pandemic started. However, there are too few drivers to chauffeur the app users. Hence, the prices have skyrocketed, and the waiting time extended. In turn, it is pissing off passengers. 

    Uber and Lyft Prices Continue to Surge Due To Driver Shortage — Incentives Does Not Seem To Help?

    (Photo : by Siegfried Modola/Getty Images)
    PARIS, FRANCE – FEBRUARY 27: A Uber driver checks his phone as he drives on February 27, 2021 in Paris, France. Despite the development of Covid-19 vaccine campaigns to prevent infections, health experts still warn that restrictions and safety measures – including non-essential travel will still be needed for 2021.

    Despite the attractive incentives for drivers that both ride-hailing apps have imposed, most still feel that they’re likely to contract COVID when they get back behind the wheel.

    As such, passengers pay and wait for more than ever. 

    Extended Booking Time 

    For instance, USA Today reported that one Lyft user had to wait for almost an hour to ride a car. 

    Danielle DiMartino, a Lyft passenger, said that after experiencing that grueling booking time, she had to pay double in compared to what she used to pay pre-pandemic. And it is not a single occurrence. She has encountered that with ride-hailing elsewhere. 

    Zachary Kizer, the Lyft Spokesman, said that the long wait is attributed to the “big increases in demand for rides, as vaccines roll out and people start moving again.” 

    On the flip side, Becky Katz Davis, Uber Spokeswoman, said that the root cause of the extended waiting is because “many drivers” left the company due to the lockdown brought by the pandemic in 2020. 

    Uber and Lyft bid farewell to thousands of its drivers when the pandemic’s wrath started to cripple the United States in 2020. 

    Read Also: Electronic Vehicles Must be Used by Ride-Hailing Companies by 2030, According to California Regulators 

    Incentive Not Enough? 

    Uber and Lyft are allocating millions of dollars to bring back drivers on the road. 

    Lyft even assured that they are doing their best to meet the demand through incentivizing their drivers handsomely, USA Today reported.

    As per the New York Times, the ride-hailing company has already spent a whopping $100 million for driver incentives alone. 

    On the other hand, Uber is spending more at the tune of $250 million. The raid-hailing app is even calling the incentives a “stimulus.”

    However, the added revenue provided to the drivers appears to be ineffective in persuading them of driving the wheel again as the shortage still prevails. 

    John Zimmer, Lyft President, proves otherwise, saying that the drivers of Lyft have increased by 25% from the span of February to May.

    In addition, the company claimed that the earnings of their driver are at “all-time highs” on May 5.

    Uber, however, admits that their driver count still lags way behind last year for 22%.

    “We have not seen driver supply keep up with the demand growth in the U.S.,” Dara Khosrowshahi, Uber Chief Executive told New York Times. 

    Related Article: Study Suggests That Self-Driving Car Manufacturers Should Look Into These Before Launching Next Vehicle

    This article is owned by Tech Times

    Written by Teejay Boris

    ⓒ 2021 TECHTIMES.com All rights reserved. Do not reproduce without permission.



    TechTimes

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    AI Riser Vietnam 2026

    AI Riser Vietnam 2026: Google showcases 10 Vietnamese-built AI projects at Ho Chi Minh City forum

    October 8, 2026
    Taiwan Digital Day 2025

    Taiwan Digital Day 2025: Driving Vietnam-Taiwan Tech Collaboration in Ho Chi Minh City

    July 30, 2025
    Vietnamese Enterprises Engage with Global AI Innovations at COMPUTEX TAIPEI 2025

    Vietnamese Enterprises Engage with Global AI Innovations at COMPUTEX TAIPEI 2025

    May 19, 2025
    Leave A Reply Cancel Reply

    Latest News
    Cavli Wireless Launches Cavli360, a Collaborative Industry Magazine Connecting the Global IoT Ecosystem

    Cavli Wireless Launches Cavli360, a Collaborative Industry Magazine Connecting the Global IoT Ecosystem

    October 28, 2026
    Envision Energy Unveils AI-powered New Energy System for Mining and Smelting Industry at All Energy Australia

    Envision Energy Unveils AI-powered New Energy System for Mining and Smelting Industry at All Energy Australia

    October 28, 2026
    OneQode Signs 14 MW AI Capacity Agreement with AdaniConneX, with a Path to 114 MW

    OneQode Signs 14 MW AI Capacity Agreement with AdaniConneX, with a Path to 114 MW

    October 28, 2026
    ATMOCE Brings Flexible AC Stackable Storage and 15-Year M-ELV Battery Warranty to All Energy Australia 2026

    ATMOCE Brings Flexible AC Stackable Storage and 15-Year M-ELV Battery Warranty to All Energy Australia 2026

    October 27, 2026
    DMCA.com Protection Status
    Facebook X (Twitter) Instagram Pinterest
    TIMES24H
    Global News · Trusted Information · Clear Perspectives
    TIMES24H is a global news platform delivering timely, reliable, and insightful coverage across technology, business, lifestyle, and current affairs. Our mission is to provide readers with clear perspectives and trusted information to navigate a fast-changing world.
    News & Editorial: news@times24h.com
    © 2026 TIMES24H . All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.