Lyft Says All Rides Will Be in Electric Cars by the End of 2030

Lyft Corp. is committing to make 100% of its trips in electric vehicles by the end of 2030. But to get there, it’ll need the support of policymakers and automakers, a robust charging network, and most of all, its drivers’ cooperation.

Ride-hailing companies have struggled as governments asked citizens to stay home to manage the spread of Covid-19. Uber Technologies Inc. cut 6,700 jobs, while Lyft laid off or furloughed more than 1,000 employees. Lyft co-founder John Zimmer, however, frames the pandemic-induced pain as an opportunity to “re-evaluate everything.” That includes the vehicles that carry its hot-pink logo. With the transition to electric, Zimmer says, “we will be better positioned coming out of this.”