Lyft Corp. is committing to make 100 percent of its trips in electric vehicles by the end of 2030.
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 more than 1,000 employees.
Lyft co-founder John Zimmer, however, says the pandemic-induced pain as an opportunity to “re-evaluate everything.”
With the transition to electric, Zimmer says, “we will be better positioned coming out of this.”