#DRIVING EXPENSES CALCULATOR DRIVER#
Nathaniel Hudson-Hartman told Insider he began working part time as a ride-hailing driver in 2017.
#DRIVING EXPENSES CALCULATOR DRIVERS#
Some drivers hope electric vehicles will help them earn more in the long run They said this provided a more accurate reflection of their per-hour earnings.
Rather than their active hours, the drivers said they used their online work hours - the time a driver has the ride-hailing app open - to determine their per-hour pay. The drivers also shared screenshots from the ride-hailing apps that showed their total income, trips, and miles driven over different periods. Insider viewed their detailed calculations of expenses and hourly pay. We spoke with four ride-hailing drivers - two with gas-powered vehicles and two with EVs - to learn how much they're earning after expenses. Some of these drivers hope their electric vehicles will save money on gas and make driving more profitable. Meanwhile, the number of Uber drivers hit a record-high 5 million last year, and more than 70% of new drivers cited inflation as a reason they joined the platform, the company reported. In fall, Lyft said it had its highest number of active drivers in over two years. Still, Americans continue to turn to these apps to earn some income. Sergio Avedian, an Uber driver who is a senior contributor to the gig-driver-advocacy blog and YouTube channel The Rideshare Guy, told Insider his research in Los Angeles found it cost the average driver between $5 and $7 an hour to run their car when all expenses were factored in.
Calculating these expenses can be complicated, and studies on ride-hailing hourly pay have come to varying conclusions. A Lyft representative told Insider that, including tips and bonuses, the average US driver made close to $36 an active hour.īut the companies' figures don't account for drivers' vehicle expenses, which take a cut out of their profits. And that's before considering business expenses including gas, insurance, and vehicle maintenance.Ī typical Uber driver earns $35 an active - or utilized - hour, which is the period between when a driver accepts a ride and completes a trip, according to the company's February earnings call. Secretive platform algorithms and mercurial customer tipping habits make each day's earnings a roll of the dice. That's not the case for many gig workers, such as Uber and Lyft drivers. When you started your last job, you probably had a pretty good idea of how much money would flow into your bank account each month. Account icon An icon in the shape of a person's head and shoulders.
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