For sustainable society


100% Electric Vehicles by 2030

Due to the impact of COVID -19, the demand for ride-sharing services has decreased as a result of city-wide lockdown and a request to stay inside. In order to overcome such a situation, Lyft, a San Francisco-based ride-sharing service, is partnering with healthcare providers to find new opportunities in medical logistics and patient transportation. In March, Lyft teamed up with to launch a trial of Lyft drivers delivering medical supplies and food. The company also announced plans to expand into other areas of healthcare, such as the delivery of prescription drugs, vaccines, and medical devices, so it’s not just ride-sharing services anymore.

In addition to Lyft’s quick response to COVID -19, the company is also well prepared to address environmental issues. In June 2020, Lyft announced that “convert all vehicles to EVs by 2030”.

According to the announcement, in cooperation with the Environmental Defense Fund, Lyft has proposed a policy to replace rental cars and autonomous vehicles on their platform with EVs or other zero-emission vehicles by 2030. 

It is very good for the earth to convert cars to EVs, but it is estimated that it is difficult for drivers using private cars to switch to EVs due to the high initial cost. But according to Lyft, the benefits of EVs are huge for the average driver:

“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 $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% since 2010, and we expect that by mid-decade, EVs will be more economical for rideshare drivers than gasoline cars.”

Lyft made all cars on its platform carbon neutral through its carbon offset program* in 2018, before announcing this ambitious all-vehicle EV move. However, in order to tackle the reduction of greenhouse gases more directly and on a larger scale, Lyft decided to end the carbon offset program and concentrate on switching to EVs.

Although many companies have been damaged by COVID -19, there are many companies that have come up with new services and environmental policies despite the headwinds. As we say that a crisis is a chance, we want to break through the global crisis as one team.

* carbon offset program:A system that compensates for emissions by providing funds to control equivalent CO2 emissions elsewhere.

Photo:Lyft Inc

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