Lyft capitalizes on Uber’s no good, very bad year, reports a stellar 2017

lyft 2017 economic impact 2
Uber may have had an abysmal 2017, with a massive data breach, lost licenses, and too many lawsuits to count. But here to keep you from getting too down on the future of ridesharing is Lyft, whikh has proven once and for all that the best way to get on top is to be everything your competition is not. So as Uber went low in 2017, Lyft managed to go high, and recently, the company unveiled what it calls its 2017 Economic Impact report. Keep in mind, of course, that these are self-reported numbers, but all the same, they’re pretty impressive.

“Together with our drivers and passengers, Lyft is making a positive mark on communities across the nation,” the company emphasized in its report. For starters, the company says that Lyft passengers were particularly generous, spending an additional $2 billion in their respective communities. Lyft drivers, on the other hand, managed to double their earnings in 2017 to $3.6 billion. That figure, the company noted, does not include tips, which alone accounted for $240 million in earnings. This represents a 120-percent increase over 2016. In total, Lyft gave passengers 375.5 million rides, which equates to 92 million travel hours or $3.2 billion saved compared to other forms of transportation, the company says. Its busiest day, unsurprisingly, was New Year’s Eve, with more than two million rides given.

Those nearly 400 million rides represents 130 percent growth when measured year over year, and were given to 23 million unique passengers, which is a 92-percent year-over-year increase. Lyft also managed to double the number of drivers on its platform to 1.4 million in 2017.

Perhaps most intriguing, however, is Lyft’s claim that it has managed to reduce the number of personal cars on the road. In 2017, Lyft says that nearly 250,000 passengers decided to do away with their personal vehicles because of a ridesharing alternative. The company also claims that 50 percent of its users reported driving themselves less thanks to the Lyft platform, and 25 percent no longer feel owning a car is particularly important. If this proves to be widely true of not only Lyft passengers, but those of other ridesharing services as well, we could soon be seeing far fewer cars on the road. And that, friends, is a future worth looking forward to.

Emerging Tech

Awesome Tech You Can’t Buy Yet: Folding canoes and ultra-fast water filters

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it sure is fun to gawk!
Cars

Allegro.ai is helping Hyundai mine the artificial intelligence gold rush

In November 2018, Hyundai invested in a startup named Allegro.ai. We talked to the company's founder to learn more about what that means for consumers in the not-too-distant futures.
Home Theater

Looking to cut cable? Here’s everything you need to know about Pluto TV

Pluto TV offers plenty of entertainment in a fashion similar to live internet TV services, only at no cost — you don’t even need to register. Too good to be true? Here’s everything you need to know.
Cars

Waymo becomes the first company to charge for rides in self-driving cars

Waymo has launched a commercial ridesharing service using self-driving cars in the Phoenix area. It's the first U.S. company to generate revenue by putting passengers in autonomous cars. Waymo One is only available to a select group of…
News

World’s fastest electric race car to display at Petersen Museum

The Volkswagen I.D. R Pikes Peak race car smashed the all-time record at the hill climb for which it was named. The all-electric VW record-holder will be on display at the Petersen Automotive Museum in Los Angeles until February 1, 2019.
Cars

This freewheeling Army truck-turned-tiny home is a labor of love

Most tiny homes are models of efficiency but one British metal worker has redefined the idea, converting an old Army truck into a mobile tiny home that comes with a bed, a sofa, a shower, and a beer garden.
Product Review

The 2019 Porsche Macan S is a luxurious and quick SUV, but it's no road tripper

The roster of models challenging the Porsche Macan grows annually. The German firm updated its smallest, most affordable SUV with a new engine, more tech features, and subtle design tweaks to keep it looking fresh.
Cars

Take a friend stargazing at 202 mph in the 2019 McLaren 720S Spider

McLaren has introduced the 2019 720S Spider. As its name implies, it's a convertible variant of the 720S coupe. The company promises the Spider retains the coupe's dynamism and agility thanks in part to the widespread use of carbon fiber.
Cars

Gateway’s born-again Ford Bronco boasts classic style, 2018 muscle car power

Illinois-based Gateway Bronco has received a license from Ford to make brand-new examples of the first-generation Bronco. Every build starts with a Ford VIN and a donor vehicle, but Gateway upgrades every part of the car.
Cars

Bloodhound’s plan to build a 1,000-mph car has run out of gas

The Bloodhound supersonic car (SSC) project has officially shut down. The upside is you can now buy a 135,000-horsepower car powered by a jet engine and a cluster of rockets for $319,000.
Cars

2019 Ford Ranger saves fuel without sacrificing towing capacity

The 2019 Ford Ranger marks Ford's long-awaited return to the midsize truck segment, which has seen a resurgence lately. But will being late to the party make Ford's job more difficult?
Cars

Pininfarina Battista is a 1,900-horsepower, 250-mph electric supercar

The Pininfarina Battista will be the first production car from famed Italian design firm Pininfarina. Named after company founder Battista Pininfarina, it has a claimed 1,900 horsepower and a $2.5 million price tag.
Cars

Tesla could show the electric pickup Elon Musk is dying to build in 2019

Tesla has started designing its long-promised pickup truck. The yet-unnamed model will come with dual-motor all-wheel drive and lots of torque, plus it will be able to park itself.
Emerging Tech

With this robotic garage, retrieving your car is like using a vending machine

Remembering where we parked our cars can be a real pain. But what if our cars came to find us, rather than the other way around? A new automated robot parking valet system aims to help.