That rate is favorable for those who have lower cost and/or completely paid off vehicles.
Actual expense method is probably better for those with high payments or recently purchased vehicles.
Gotta crunch the numbers before choosing...once chosen, you're stuck until the next vehicle.
One of my clients is Doordashing and Ubering in a car from 2010. Well maintained and looks good, but he gets no love from Uber/Lyft.
He doesn’t care. Driving - and writing off - about 14,000 documented miles a year is a win for him.
But most of my rideshare clients don’t make enough to keep up the gig.