Lyft continues to focus on renewable

Date: 16 JUN 2017posted by Car Rentaledited by WinX

In spite of Trump's announcement that the US would be pulling out of the Paris Climate Accord, many US states and companies disagree with the president's intentions and have renewed their goals and commitments to the climate agreement. While last year one of the founders of Lyft went on record predicting that "a majority" of Lyft's trips will be self-driving cars by 2021, the company has now set a goal that all of the electric, autonomous vehicles on its platform will be powered by "100% renewable energy." Recently the company had partnered with the startup company NuTonomy to deploy a fleet of autonomous, electric vehicles in Boston slated to begin trial operations later this year. The company has also committed to purchase renewable energy certificates to offset any emissions from the fueling of its electric autonomous vehicles.

The company boasts that they will provide 1 billion rides per year using electric, autonomous vehicles by 2025. That will require major growth from the ride sharing company as they only provided 160 million rides in 2016. Lyft's spokesperson did release a statement declaring that not all of Lyft's self-driving vehicles will be electric. They continued to say that it was "possible we may test a variety of prototype vehicle types in the future during the developmental phases of this technology." However, as the technology for battery power matures, the company expects "the vast majority of the vehicles on our platform will be electric." In a blog written by Logan Green and John Zimmer, the company's co-founders, "we believe that ride sharing, combined with autonomous vehicles, will be the driving force that brings electric vehicles from a tiny portion (~0.1%) of all cars on the road today to a significant majority within 20 years."

"The heart of our transportation problem is that personally-owned vehicles are underutilized. The average car is used only 4% of the time and for electric vehicles, it takes 10 years or more to recover the cost premium through fuel savings. In comparison, Lyft vehicles can be used much more efficiently - an electric autonomous Lyft vehicle will be utilized over 50% of the time and payback its costs in just a few years through operational savings." In addition to making major strides into the US transportation market, Lyft says they will reduce CO2 emissions across the country by at least a minimum of 5 million tons annually by 2025. The numbers are quite accurate if the company does manage to provide 1 billion rides a year.

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