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1,269 Posts
Lyft has 10,000 registered drivers in Toronto now !
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The question is how many of those are full time? Part time drivers are fleeting. Some may only drive once a year! LOL.
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17,425 Posts
I feel this acutely in my corner of Mississauga from 7pm-10pm where even in my very residential, out of the way neighborhood, there are 5-6 online cars. They start to disappear around 10pm, which is when I think about starting to drive. I would not get much in the way of pings in the early evenings in Mississauga due to all the ants on the map.
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747 Posts
Feel like uber has 10 millions
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Safe to assume every other household in GTA drives uber
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We will see how GTA rising gas prices has an effect on ride-share in general. Once gasoline costs pass $1.50 at the pump, I expect a lot of people doing the arithmetic on their gas guzzling cars will leave the app off, UBER and LYFT.
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Some quit after after 1 month
Uber flexibity is great, not great pay
After driver finds great pay, pop need less driver
Given driver understands time value costs and delegates
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9,358 Posts
Or splurge and upgrade to a Hybrid or a EV?
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That would be lovely, but as many have pointed out here, doing full time UBER and buying a car specifically to do this, is kind of dumb.
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The $1.50 gas price may be the beginning of the death of ridesharing? Like you said no one is going to spend tens of thousand of dollars to just upgrade their vehicle for ridesharing. Unless you're a full time driver?
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I do NOT believe that $1.50 (or even $2.00) per Litre of gas in Canada -- or US$4 per gallon south of the border -- will be the death of ridesharing.
I DO believe it will take a certain number of casual drivers off the road. It will increase awareness to Hybrid, PHEV and EV vehicles.
Uber/Lyft and their ilk want to switch everything to fully autonomous EVs in the next 5-10 years and are content to lose money and gather huge amounts of data until that happens. Once the drivers are out of the equation, the business model of ride-share will become more viable. Most drivers, even the energy and cost-efficient ones, will not so much as quit as become obsolete and irrelevant.
But currently, UBER is still bleeding Billions every quarter, while Lyft bleeds Millions, so they are not going to pay their drivers much more in light of increased energy/fuel costs. It is my hope this, in the short term, reduces the glut of drivers saturating the GTA.
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17,425 Posts
A VERY GOOD QUESTION.
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I don't think an increase in gas price will take drivers (casual/pt/ft) off the road. As it is, gas prices are steadily increasing and so are rideshare drivers. Even though driving rideshare may seem like shooting oneself in the foot, it's still a good option for extra income on the side, an extra $5 to fill up won't sway people's decision..
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I think AJ styles is a far more effective champion than Brock Lesnar
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You were a strong force behind this milestone. How much your cut for 2,000 referrals?
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Yes, that is important for their future viability. If they don't have loyal regulars, they're are going to go broke trying to have fare wars with Uber. But in the end the competition is good for both the riders AND the Drivers too!
folks who are rooting for gas prices to increase in order for a couple extra pings are absolutely narrow minded and need to think outside of rideshare. Alot of canadians are struggling to get by and need to drive to work (public transit is not accessible for everyone) and rising gas prices are hurting them more than they will ever benefit you. Hope for something positive for everyone, not economical hardships for the normal people who will never have an electric car.
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I don't want to brag but I got stock options and sheeet
I think they're doing quiet well. Last week my Lyft business outpaced my Uber business albeit by only one or two calls over 11 hours worked. And they've clearly picked up business in York Region.
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