Get All Access for $5/mo

Lyft Pledges to Go All-Electric by 2030 The aim is to reduce greenhouse gas emissions and fuel consumption.

By Stephanie Mlot

Opinions expressed by Entrepreneur contributors are their own.

Lyft via PC Mag

Lyft plans to emerge from the COVID-19 crisis to a "better, cleaner, and more sustainable" future. Specifically, one in which the ridesharing firm employs only electric vehicles.

Lyft on Wednesday announced plans to go 100 percent electric by 2030. In collaboration with Environmental Defense Fund, the company is working to transition drivers over to EVs, with the aim being to reduce greenhouse gas emissions and fuel consumption.

"Now more than ever, we need to work together to create cleaner, healthier, and more equitable communities," Lyft President John Zimmer said in a statement. "Success breeds success, and if we do this right, it creates a path for others. If other rideshare and delivery companies, automakers and rental-car companies make this shift, it can be the catalyst for transforming transportation as a whole."

Related: Lyft Drivers Earn Extra Cash Transporting Food, Supplies for Charities, Businesses

The move, however, won't be easy. It means transitioning every vehicle on Lyft's platformc — composed of independent contractors operating their own cars — over the next decade. Aside from touting the "potential benefits" of EVs (including lower fuel and maintenance costs), the firm did not directly address how it will accomplish its goal. In 2018, Lyft made all rides carbon-neutral through a carbon offsets program, and last year launched hundreds of EVs via Express Drive in Seattle, Atlanta and Denver. "But to reach our commitment by the end of 2030, we will need to harness the power of Lyft and its partners to drive radical change," the company explained.

"Getting there will require investing in clean energy to create jobs and reduce pollution and radically shifting how we move people and products," Fred Krupp, president of the Environmental Defense Fund, added. "Lyft's commitment accelerates momentum toward this future and sets the standard for other tech and transportation leaders to follow suit."

Stephanie Mlot

Reporter at PCMag

Stephanie began as a PCMag reporter in May 2012. She moved to New York City from Frederick, Md., where she worked for four years as a multimedia reporter at the second-largest daily newspaper in Maryland. She interned at Baltimore magazine and graduated from Indiana University of Pennsylvania (in the town of Indiana, in the state of Pennsylvania) with a degree in journalism and mass communications.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Branding

ChatGPT is Becoming More Human-Like. Here's How The Tool is Getting Smarter at Replicating Your Voice, Brand and Personality.

AI can be instrumental in building your brand and boosting awareness, but the right approach is critical. A custom GPT delivers tailored collateral based on your ethos, personality and unique positioning factors.

Business News

Apple Reportedly Isn't Paying OpenAI to Use ChatGPT in iPhones

The next big iPhone update brings ChatGPT directly to Apple devices.

Business News

Is the AI Industry Consolidating? Hugging Face CEO Says More AI Entrepreneurs Are Looking to Be Acquired

Clément Delangue, the CEO of Hugging Face, a $4.5 billion startup, says he gets at least 10 acquisition requests a week and it's "increased quite a lot."

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Sony Pictures Entertainment Purchases Struggling, Cult-Favorite Movie Theater Chain

Alamo Drafthouse originally emerged from bankruptcy in June 2021.

Business News

You Can Now Apply to Renew Your U.S. Passport Online — But There's a Catch

The U.S. State Department officially launched the beta program this week.