Bulletin
Investor Alert

London Markets Open in:

June 22, 2020, 2:58 p.m. EDT

Cleantech and Climate Change Podcast: A future of Green Transportation - (US: LYFT) commitment to reach 100% electric vehicles on the Lyft platform by 2030

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Lyft Inc. Cl A (LYFT)

or Cancel Already have a watchlist? Log In

/zigman2/quotes/208999293/composite LYFT -5.37%

Jun 22, 2020 (Investorideas.com via COMTEX) -- Point Roberts, WA and Delta, BC - June 22, 2020 (Investorideas.com Newswire) Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks ( Renewableenergystocks.com ) issues today's edition of the Cleantech and Climate Change Podcast , talking about today's problems and solutions for the future.

Listen to the Podcast:

https://www.investorideas.com/Audio/Podcasts/2020/062220-CleanTech.mp3

SHARE PODCAST:

Listen to the cleantech and climate change podcast on Spotify

Today, Investorideas.com is looking at the recent news for electric vehicles and hydrogen/fuel cell transportation.

Lyft, Inc. ( NASDAQ: LYFT ) recently released its green mission - Leading the Transition to Zero Emissions: Our Commitment to 100% Electric Vehicles by 2030 . On June! 7TH they released a passionate and compelling case for a green automotive future saying, "The year 2020 will go down in history as an inflection point for humankind. The challenges we face today, from the global climate crisis that is ravaging our planet, to the global pandemic that is ravaging our lives, to the global rage at injustice that is ravaging our communities, remind us at once that we are human, and humans make choices."

"The COVID-19 pandemic has devastated economies around the world, caused unimaginable heartbreak, loss and stress, and wreaked havoc on businesses large and small, including here at Lyft. Yet amidst these extraordinary challenges, one thing has become very clear: COVID-19 has presented us with a unique challenge to rebuild our businesses and communities in ways that are better, cleaner and more sustainable for the future."

"At Lyft, we made a choice. Rather than hunker down and ride out COVID-19, we chose to stand up and accelerate our efforts to address the climate crisis. With transportation recently overtaking electricity as the single largest source of planet-disrupting greenhouse gas (GHG) pollution in the US and the second-largest source in Canada, we believe now is the time for Lyft to lead a radical shift in strategy."

"That's why today, Lyft - in collaboration with Environmental Defense Fund - is announcing its commitment to reach 100% electric vehicles on the Lyft platform by 2030. By working with drivers to transition to electric vehicles, we have the potential to avoid tens of millions of metric tons of GHG emissions to the atmosphere and to reduce gasoline consumption by more than a billion gallons over the next decade."

"Now more than ever, we need to work together to create cleaner, healthier, and more equitable communities," said John Zimmer, co-founder and president, Lyft. "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."

I know PR departments put out a lot of B.S. statements, but I have to admit I liked this one and it was believable in its context.

In other green auto news , Ballard Power Systems ( NASDAQ: BLDP ) ( TSX: BLDP ) also announced news on June 17th saying they that it has received follow-on purchase orders for 15 of its 85-kilowatt heavy-duty FCveloCity-HD fuel cell modules from Wrightbus ( www.wrightsgroup.com ), a leading bus OEM and Ballard partner headquartered in Northern Ireland, to power Fuel Cell Electric Buses, or FCEBs, planned for deployment in the U.K. Wrightbus was recently re-capitalized by Bamford Bus Company , after having gone into administration last year.

Including the 15 modules announced today, Ballard currently has orders in-hand from Wrightbus for a total of 50 modules to power FCEBs in the U.K., 35 of which were previously announced in 2019. Of those 35 modules, 20 are to power buses planned for deployment in London and 15 are for buses planned for deployment in Aberdeen. Ballard expects to ship all 50 modules in 2020.

Thanks, that's it for today. Do something good for this beautiful planet each and every day.

Podcast host: Dawn Van Zant, founder of Investorideas.com

If you would like to be a guest on this podcast and tell your story please call me at 800 665 0411

For investors following cleantech stocks we do have a directory of publicly traded stocks - visit

/zigman2/quotes/208999293/composite
US : U.S.: Nasdaq
$ 28.88
-1.64 -5.37%
Volume: 18.66M
Aug. 13, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$9.36 billion
Rev. per Employee
$450,139
loading...
1 2
This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.