Evercar, a provider of shared electric vehicles for on-demand drivers like Uber and Lyft, is expanding in Los Angeles.

Evercar's shared electric vehicles are available to its driver community on an hourly basis for as little as $5 per hour. The fee covers all operating costs, including unlimited mileage, fuel, maintenance, insurance, and cleaning, according to the company.

Unlike other programs, Evercar's pricing and service terms make it accessible to all drivers, including individuals who wouldn't otherwise qualify for similar shared vehicle programs or be able to obtain a loan or lease to use their own vehicle, says the company.

"Shared electric vehicles represent the future of transportation, and with Evercar, we're making it possible for practically everyone to participate in that future today," said Michael Brylawski, CEO of Evercar. "Our platform for shared vehicles is ideal for on-demand drivers because it helps us spread out the cost of buying and maintaining a vehicle while at the same time providing drivers with a community of shared learning and support that helps them maximize their earnings."

Launched in Los Angeles in 2015, the Evercar service currently includes a fleet of 43 shared vehicles in several communities in Los Angeles County including downtown, West Hollywood, Santa Monica, Inglewood, and Marina del Rey.

The company plans to expand in Los Angeles County, with financing available to acquire up to 1,000 new vehicles in the coming months.

"Our new driver enrollment is growing rapidly,” said Brylawski. “Every week we have hundreds of drivers in Los Angeles applying to join the Evercar community, which tells us we're providing a much-needed service to the communities we serve and the environment that surrounds them."

A subsidiary of Vision Fleet, Evercar is headquartered in Los Angeles, with additional offices in San Francisco, Boulder, Colo., and Indianapolis. Vision Fleet is backed by Vision Ridge Partners, an investment firm based in Boulder.