Sep, 2020 - By SMI
The company plans to convert all cars used on its platform to 100% electric vehicles by 2030 to reduce carbon footprint.
The electric vehicle market has witnessed rapid evolution with the ongoing developments in the automotive sector. Moreover, the Electric Vehicles Market is projected to reach 26,951,318 units by 2030 from an estimated 3,269,671 units in 2019. On June 17, the United States-based ridesharing company, Lyft outlined the company’s approach to replace all cars used across its platform into 100% electric vehicles by 2030. The company plans to move towards zero-tailpipe-emission technologies, which is expected to benefit its drivers and the environment.
Although the idea of reducing the number of cars on the road seems very green, however, the research has shown that this is not necessarily straightforward. In February 2020, the research team from the Union of Concerned Scientists found that ride-hailing services such as Lyft and Uber are more responsible for pollution than private vehicles. However, ride-hailing services have become popular over the years. The team examined pollution from ride-hailing vehicles in seven major U.S. cities and found that these services generate around 69% more carbon emissions. The researchers recommend more electric vehicles and pooled trips to reduce carbon emissions.
For its part, Lyft has taken steps to reduce its carbon footprint over the years. In 2017, Lyft had announced that all-electric vehicles used across its platform will run on renewable energy and in 2018, the company planned to buy a carbon offset to make all of their rides carbon neutral. On June 17, Lyft revealed that it will wound the carbon offset program as now the company focused on a more ambitious objective. The company plans to replace all cars used across its platform into 100% electric vehicles by 2030 to reduce carbon footprints. The purpose of Lyft is to help prevent millions of metric tons of greenhouse gases from entering the atmosphere.
In search of customized market research solution? We are here to help you. Contact us.