Squawk Pod Reports from Davos: Uber CEO Dara Khosrowshahi 01/23/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 23 January 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Uber CEO Dara Khosrowshahi sits down with Andrew Ross Sorkin at the World Economic Forum in Davos, Switzerland. After President Trump’s executive order to end government EV subsidies, Self-driving cars are just two years away, he says. And, according to Khosrowshahi, Uber doesn’t depend on government subsidies for success in the electric vehicle market. Fresh off his own inauguration party in Washington, Uber’s CEO weighs in on congestion pricing, labor costs, and Donald Trump’s second term while on the ground in Davos. Dara Khosrowshahi - 4:28 In this episode: Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	From our standpoint and from my standpoint, we want this administration to succeed.
0:08.3	When this administration succeeds, the country does well, business does well.
0:13.2	Uber, CEO Dara Khazrashahi in Davos for the World Economic Forum, a behind-the-scenes look at what's next for Uber,
0:20.0	from the CEO's personal donation to
0:21.8	President Trump's second inauguration to Uber's big push into electric vehicles.
0:27.5	The fact is with EVs is that they are actually a great product. And so we see EVs in our fleet
0:35.6	growing. Our drivers are moving over to EVs about five times faster than the general public.
0:40.3	Our passengers love them.
0:42.3	But it's not just about government subsidies.
0:44.3	Kasra Shahi is clear the future of EVs at Uber doesn't depend on it.
0:49.3	We don't need subsidies for EVs to succeed at Uber,
0:52.3	and we continue to increase them because
0:54.9	they're actually a really good product.
0:56.5	And, of course, they're good for the environment.
0:58.3	And if you think self-driving cars are still years away, think again.
1:02.8	I think that the technology will be ready for prime time between now and two years from now.
1:08.4	It's moving very quickly, especially with some of the newer generation companies.
1:12.5	The commercialization of EVEs is going to take much longer.
1:16.7	I'm CNBC producer Katie Kramer.
1:18.8	Squawk Pod reports from Davos.
1:21.2	Uber CEO Dara Khazra Shahi begins right now.
1:31.8	Thank you. begins right now. Picture it, Switzerland, the snow-capped Alps.
	...

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