Cab Aggregator Lyft Commits to 100% Electric Vehicles by 2030

Lyft has, in collaboration with Environmental Defense Fund, made a commitment to reach 100 percent electric vehicles (EVs) on the Lyft platform by 2030.

Leading cab aggregator – Lyft has announced that it has, in collaboration with Environmental Defense Fund, made a commitment to reach 100 percent electric vehicles (EVs) on the Lyft platform by 2030. 

The firm stated that with the news of transportation recently overtaking electricity as the single largest source of planet-disrupting greenhouse gas (GHG) pollution in the US and the second-largest source in Canada, it believes now is the time for Lyft to lead this radical shift in strategy. By working with drivers to transition to electric vehicles, it claims to have the potential to avoid tens of millions of metric tons of GHG emissions to the atmosphere and to reduce gasoline consumption by more than a billion gallons over the next decade.

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“Now more than ever, we need to work together to create cleaner, healthier, and more equitable communities,” said John Zimmer, co-founder and president, Lyft. “Success breeds success, and if we do this right, it creates a path for others. If other rideshare and delivery companies, automakers and rental car companies make this shift, it can be the catalyst for transforming transportation as a whole.”

“The COVID-19 pandemic has devastated economies around the world, caused unimaginable heartbreak, loss and stress, and wreaked havoc on businesses large and small, including here at Lyft. Yet amidst these extraordinary challenges, one thing has become very clear: COVID-19 has presented us with a unique challenge to rebuild our businesses and communities in ways that are better, cleaner and more sustainable for the future,” the group issued in a statement.

“As we move to repair the COVID-battered global economy, we have a chance to rebuild better and create a cleaner, more prosperous and more equitable future. Getting there will require investing in clean energy to create jobs and reduce pollution, and radically shifting how we move people and products,” said Fred Krupp, president, Environmental Defense Fund. “Lyft’s commitment accelerates momentum toward this future and sets the standard for other tech and transportation leaders to follow suit.”

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The shift to 100 percent electric vehicles for Lyft will mean transitioning all vehicles used on the Lyft platform over the next ten years to all-electric or other zero-emission technologies. This includes cars in the Express Drive rental car partner program for rideshare drivers, our consumer rental car program for riders, our autonomous vehicle program, and drivers’ personal cars used on the Lyft platform.

“We believe the potential benefits to drivers are very significant. Although the upfront cost of EVs today is higher than gas-powered cars, EVs have lower fuel and maintenance costs that mean lower costs for drivers over the life of the vehicle. We see this already with drivers renting cars through Express Drive, who currently save an average of USD 50-70 per week on fuel costs alone. And we expect these savings to increase over time as the cost of EV batteries continues to come down. EV battery costs have already decreased nearly 90 percent since 2010, and we expect that by mid-decade, EVs will be more economical for rideshare drivers than gasoline cars,” the firm said.

“By working with policymakers and partners, and harnessing the power of the driver community, we can drive down the cost of EVs, expand EV incentives and infrastructure, and help drivers switch to electric over time in a way that is cost-effective, sustainable and profitable.”