Californian ride-hailing start-up Lyft promises switch to 100% electric by 2030



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Californian ride-hailing start-up Lyft promises switch to 100% electric by 2030

Lyft Inc., the San Francisco-based ride-sharing service provider said in a statement on Wednesday that every vehicle of its ride-sharing and car rental platform would be electric by 2030, however, the smaller industry rival of Uber Technologies, the pioneer in the ride-hailing industry, had not clarified exactly how it had been planning to finance the entire transformation from gas-powered vehicles.

Besides, instead of sketching a full-fledged plan en route to reach 100 per cent electric by 2030, Lyft Inc. executives were quoted saying during a call shortly after the announcement that the company had been hoisting up plans to push automakers, competitors alongside lawmakers to make it easier for its drivers to switch to e-vehicles by creating financial incentives, though the feasibility of Lyft Inc.’s plan remained questionable, suggested analysts.

Lyft Inc. to aggressively promote & help drivers access incentives to switch to electric

On top of that, while being asked over the policy changes at a time when Lyft Inc.

had less than 1 per cent e-vehicles at its entire fleet, the Lyft Inc. co-founder and President, John Zimmer was quoted saying that the company had reached a scale from where it could switch to potential policy changes, though industry analysts remained cynical given the scale of losses the ride-sharing service provider had been digesting.

Nonetheless, Zimmer had also added in a statement earlier on the day that the San Francisco, California-based company would aggressively promote its plan to help drivers access the incentives required to a switch towards electric vehicles.

More importantly, latest move from Lyft Inc. comes over the heels of February study conducted by a group of environmentalists that found the ride-sharing services were accountable for nearly 50 per cent more carbon emissions than private car trips.

Meanwhile, as the larger Lyft Inc. rival Uber Technologies had been partially supporting its drivers in London to finance electric vehicle purchases, voicing a through and through optimism over its plan to push for an all-electric fleet by 2030, Lyft Inc.

said in its Wednesday’s statement, “If policymakers do their part in the next few years, EVs should reach cost parity with gasoline vehicles by mid-decade.