Lyft driver and rider numbers up in Q2, but long-term plans uncertain
- Date: 08/09/2023
With losses continuing despite cost-cutting, changes to its micromobility segment or a sale of the company are on analysts’ minds.
When ridesourcing (TNC) companies Uber and Lyft show up in urban areas, vehicle registrations per capita increase by 0.7% on average, increasing even more in car-dependent cities, according to a new study led by researchers at Carnegie Mellon University.
The study found no statistically significant average effect of TNC entry on fuel economy or transit use but did find evidence of heterogeneity in these effects across urban areas, including larger transit ridership reductions after TNC entry in areas with higher income and more childless households.
Have more mobility news that we should be reading and sharing? Let us know! Reach out to Sage Kashner (kashner@ctaa.org).
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