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GM and Lyft announce free cars!

  • Posted by EVandMore
  • On 19/03/2016
  • 2 Comments
  • autonomous driving, GM, Lyft, ride sharing, Uber
  • Categories: Electric Vehicles

Earlier this year, General Motors invested $500 million in a start-up company valued at $5.5 billion: Lyft. At the time, the two companies had announced a partnership to develop autonomous driving.

This week, the partners unveiled a program that’s not about autonomous cars (for now), but rather allows Lyft drivers to lease a GM vehicle over periods of one to eight weeks, in some cases, at no cost. If the driver completes more than 65 rides in a week, they pay no rental fee, insurance or maintenance costs. However, they do pay for gas. If they complete fewer than 65 rides, they pay $99 per week for the rental of the vehicle.

As for autonomous cars, GM remains interested in the technology. The manufacturer has just acquired Cruise, a start-up working on autonomous driving, for over $1 billion.

Finally, by subsidizing the cost of the vehicle for ride sharing drivers, GM and Lyft could seriously take a bite out of Uber’s business.

SOURCE : http://www.vanityfair.com/news/2016/03/gm-and-lyft-unveil-their-secret-weapon-to-lure-drivers-free-cars.

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EVandMore

The EVandMore team keeps EV enthousiasts up to date on news in the world of electric vehicles and transportation electrification. We publish exclusivities, in-depth articles and fresh newsfrom many sources.
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2 Comments

Geoffrey Trivett
  • 2016-12-05 13:42:19
  • Reply
Hoping to continuing to have the availabilty of afordable personal transportion is a deep consern for myself and others like me who employment history is that of one of those people who's income is lower than the income required for operating a personal transportion. This is an ever increasing consern for many people who daily commute is one of long whates in snarled traffict and long delay from point A to point B each and every week as meny people due. The outlook seems difficult to tangel with the increasing demain of ower lives in the future, of unsirteny and dout weather we are an individualy or leader of the family household.The price of transportant is a real consern, cause it really has a profowned in the quality of the lives of us, and our loved ones. What is the outlook in the industry regarding the future of transportasion of a personal level for all indivuals, both hear in the area and alswear in North America?
Geoffrey Trivett
  • 2016-12-05 13:43:25
  • Reply
Whats up for all of us !?!
 

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