Ride-hailing company Lyft has released a new report detailing it ‘economic impact’ for 2017, revealing some key business figures from the year that was.
Specifically, Lyft says that it offered 375.5 million rides for the year — a 130 percent growth year-over-year. Altogether, this served 23 million different passengers, which was a 92 percent year-over-year increase. 1.4 million drivers on the platform – 100 percent growth vs. its total for 2016.
With all of this said, Lyft is reporting that nearly 250,000 of its passengers stopped owning a personal vehicle due to the availability of ride-hailing services, while fifty percent of Lyft users said they drive their car less often.
Twenty-five percent of those using Lyft, meanwhile, said they feel the importance of personal vehicle ownership has decreased as a result of ride-hailing services.
Some other key statistics, according to Lyft:
- Drivers earned a total of $3.6 billion, up 140 percent, as well as $240 million in tips, which is a 120 percent increase
- Passengers have spent $2 billion more in communities to help fuel the economy
- Riders donated $3.7 million through Lyft’s ’round-up-and-donate’ program in 2017
- Eighty-three percent of its passengers are open to riding in a self-driving vehicle
Lyft made its Canadian debut in Toronto and the GTA on December 12th, 2017, so it will be curious to see how the company’s 2018 statistics will compare.