The company said that the motivation to electrify its fleet comes from a desire to reduce greenhouse gas emissions.
Quantum Change
While Lyft’s current fleet is composed of less than 1 percent electric cars, the company’s statement said it would work with partners to ensure the transition to EVs for Lyft drivers as well as for the company’s rental cars and autonomous vehicles.The company said it would call on industry, government, and nonprofit organizations to help overcome the two main barriers currently preventing wide-scale electrification: the high up-front cost of electric vehicles and access to reliable and affordable charging.
Lyft expects that as EV technology continues to improve, the cost of the vehicles will decline. The company also hopes that policymakers will continue to push for more stringent vehicle emission standards, to improve capital cost incentives, and to roll out charging infrastructure.
Lyft’s to-do list is long, as a major task will include engagement with regulators and grid planners to ensure the mass deployment of EV charging stations in the resource management plans of municipalities across the United States and Canada.
EV Industry in Motion
Energy industry analysts Wood Mackenzie stated last week that electric vehicles in the United States were facing “a rough road” ahead. The CCP virus crisis has hit sales hard, it said, with market share falling.“Electric and plug-in hybrid cars accounted for just 1.3 percent of US light vehicle sales in May, when they have typically been running in a range of 1.6—2.4 percent,” the company said. High EV sticker prices and extremely low gasoline prices may have contributed to the figures, according to Wood Mackenzie.
Rideshare Benefits Uncertain
Not all commentators are convinced of the merits of ridesharing services. A study from the Union of Concerned Scientists in February found that today, due to deadhead trips—where in a round trip one way is an empty ride—and the fact that ridesharing is displacing other forms of transport, including walking, cycling, and public transport, the average rideshare trip produces between 50 and 69 percent more emissions than the trip it replaces.However, the same study supported rideshare companies moving to electric vehicles, and especially when customers pooled their trips. “An electric ride-hailing trip can cut emissions by about 50 percent, and an electric and pooled ride-hailing trip can reduce emissions by nearly 70 percent,” the report said.