Climate change is one of the defining issues and greatest global threats of our time. Lyft was founded on the belief that technology will enable us to dramatically reduce carbon emissions from the transportation system while improving quality of life and access to opportunity for all Americans. We’re more determined now than ever before to make that vision a reality. Last week, we joined former Mayor Michael Bloomberg expressing our continued commitment to the Paris climate agreement.
Today, we are announcing new climate goals for the Lyft platform as we do our part to ensure the United States remains on track to meet the goals of the Paris accord. To guide us in these efforts, we are proud to welcome pioneering environmentalist and author Paul Hawken, Executive Director of Project Drawdown, as an advisor to Lyft. Paul will inform our climate action strategy and help us maximize the environmental benefits of our platform as we take this important step for sustainability.
Lyft Climate Impact Goals
All electric autonomous vehicles operating on the Lyft platform will be powered by 100% renewable energy. This will be true from Day 1, starting with the nuTonomy autonomous vehicles in Boston later this year.
By 2025, Lyft’s shared platform will provide at least 1 billion rides per year using electric autonomous vehicles.
Lyft’s efforts will reduce CO2 emissions for the U.S. transportation sector as a whole by at least 5 million tons per year by 2025.
We believe that ridesharing, 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. This belief is supported by leading think-tanks and research laboratories. 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. These savings will dramatically accelerate the rollout of electric vehicles, displacing millions of gasoline-powered cars and helping the U.S. and world reach their climate goals.
John & Logan