Residents must sell their car to get $100 each month to spend on Uber and public transport.

The incentive is geared towards reducing the number of cars on the road, and instead encourage property owners and tenants to either use Uber and other taxi companies, or local public transport systems.

Uber also promises to cap shared UberPool journeys between the housing development, called Parkmerced, and nearby transport hubs at $5 per journey.

Rob Rosania, founder of Maximus Real Estate Partners, which owns the 8,900-apartment development, said: "The immediate benefit to residents will be to decrease or eliminate the need for private car ownership, facilitate a more efficient commute, reduce transportation costs, and minimise the need for parking."

The rest can be spent on regular taxis, public transport and other ride-sharing schemes.

The move comes just days after IBTimes UK spoke with a Finnish startup called MaaS mobility as a service , which wants to offer a complete transportation service which replaces car ownership with a subscription service for car hire, Uber, ridesharing, public transport and more.

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