Lyft carbon offset credit reductions, promises to transition to electric vehicles by 2030

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The company is scrapping the carbon offset program it launched in 2018. The lags do all its carbon neutral tricks, but at a cost of millions of dollars. Lyft said that net emissions from cars on the platform may increase in the short term.

Lyft said he is motivated by the climate crisis to switch to an all-electric fleet. If the ridehailing service delivers on its commitment to offer rides only in electric vehicles, there will be long-term ecological benefits, as well as problems for its drivers, who have massively own gasoline cars.

Transportation is the primary source of emissions in the United States. Research has shown that ridehailing trips, from companies like Lyft and Uber, have more emissions than a trip in a personally owned, used vehicle, as drivers must first drive to the passenger, then drop passengers at their destination. The switch to electric vehicles is hoped to improve air quality in the cities where Lyft operates.

“It’s on us to lead,” Lyft co-founder John Zimmer told reporters. “We view responsibility in the midst of the pandemic, thinking of ways to bounce back stronger. “

But Takele Gobena, a former ridehail driver who is a union rep at the Teamsters Local 117 union, who represents ridehail drivers in Seattle, expects any switch to electric vehicles will have a devastating effect on drivers due to the costs of vehicle exchange.”The drivers are already having trouble bringing food to the table,” Gobena told CNN of Business. “I don’t know how the pilots will survive this new policy. ”

Electric cars are less expensive to operate than gas vehicles, but much fresher today. Comparable to a gasoline car can cost 50% less. In 2019, electric vehicles represented only 2.5% of the total light vehicle market worldwide.

Lyft expects that by the middle of the decade, electric vehicles will be more economical to ridehail drivers than gasoline-powered cars.

Most relatively inexpensive electric cars, even today, cost close to $ 40,000, such as the Chevrolet Bolt, Hyundai Kona EV and Kia Niro EV. Some of the next year of the electric car, the models cost even more. The Tesla Model Y sells for a minimum of $ 52,990, according to the company’s website, while the 2021 Ford Mustang Mach-E starts at $ 43,895.

Experts warn that Lyft’s scenario is ambitious.

“The industry is electric, but at a much slower pace than expected a few years ago,” said Jessica Caldwell, an analyst at Edmunds. “While most manufacturers are dedicated to moving [to] electric, the global pandemic has tempered this shift for change. ”

Caldwell added that if President Trump is re-elected this fall, it is unlikely that there will be more government incentives for electric vehicles.

Ultimately, drivers must buy and use their own vehicles. But Lyft risks losing its ability to recruit and retain drivers if drivers feel they can make more money on the services that allow gasoline-powered vehicles.

Lyft says it will negotiate with the automakers to get the pilots the group discounts. She also intends to work with policy makers and other partners to lower the costs of EVs. The action may include pushing EV tax credits, or expanding charging infrastructure.

Lyft already rents several hundred electric vehicles for pilots in a handful of cities. Lyft said that by 2028, all rental vehicles will be electric.

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