Lyft makes ambitious pledge to only use electric vehicles by 2030

Lyft is going all in on electric. So much so that, by 2030, every time you order a Lyft ride, it'll be an all-electric vehicle that shows up.

At least, that's the promise company leaders made in an announcement Wednesday with the Environmental Defense Fund. The plan is to switch all vehicles on its platform — whether those are cars from its rental program, Express Drive car rental option for drivers, Level 5 autonomous vehicles, or independent drivers' personal vehicles — to 100-percent EVs or other zero-emission options. 

Lyft's own white paper on switching its drivers to electric vehicles banks on a drop in EV prices and the ongoing trend of lower costs for electric batteries. EV prices are steadily decreasing as analyst firm Lux Research's latest EV report shows with the average EV purchase cost dropping to $33,901 in 2019 from $42,189 in 2016. But all-electric vehicles continue to be limited with fewer options, especially when compared to more affordable gasoline-powered cars.  Read more...