Lyft vows to switch to 100% electric vehicles by 2030
The ride-hailing company Lyft announced last week that every vehicle on its platform will be electric by 2030.
Lyft plans to use this announcement as leverage to push competitors, lawmakers, and automakers towards more sustainable decisions.
A recent study found ride-hail services create around 50% more carbon emissions than private car trips.
John Zimmer, Lyft’s co-founder, and President said the company has reached a scale to impact policy change.
“If policymakers do their part in the next few years, EVs should reach cost parity with gasoline vehicles by mid-decade,” the company said.
Electric vehicles are currently more expensive than gasoline ones, but the cost of operating and maintaining them over time is lower.