Lyft To Introduce EV Rental Pilot Program In San Mateo County By 2021 Fall: Reuters

Lyft Inc LYFT will launch an electric vehicle (EV) rental pilot program by 2021 fall for ride-hail drivers in San Mateo County, south of San Francisco, in collaboration with a local utility Reuters reports.
It initially aims to offer 100 EVs for the Lyft platform.
San Mateo County's official energy provider Peninsula Clean Energy aims to provide 100% renewable energy by 2025. It will provide $500,000 incentives to ride-hail drivers to ensure renting parity between EV and a gas-powered car.
Lyft is yet to fix the rental prices and models. Its Flexdrive unit will operate the program.
Lyft already offers EV rentals in Seattle, Atlanta, and Denver, where drivers can rent Kia Niro and Chevy Bolt EVs.
Lyft and Uber Technologies Inc UBER have pledged to convert their U.S. fleets entirely to EVs by 2030.
Last month, California regulators adopted rules to mandate ride-hailing platforms to convert to EV within the next few years.
Price action: LYFT shares traded lower by 0.82% at $57.93 on the last check Tuesday.