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Published: Tue, July 12, 2016
Tech | By Dwayne Harmon

Lyft Express Drive Program Expands, Adds Chevrolet Bolt

Lyft Express Drive Program Expands, Adds Chevrolet Bolt

GM and Lyft announced a new vehicle rental service earlier this year called Express Drive. Having already launched this service in Chicago, Washington DC, Baltimore, and Boston, GM and Lyft recently announced it would be expanding the Express Drive program to the cities of San Francisco, Los Angeles, and Denver.

The program will be launched in Denver by the fall of 2016, the companies said. They can get a Chevrolet Equinox as a rental from GM, they have to pay $100 per week for the auto plus 20 cents per mile if they are taking less than 40 rides per week.

In fact, when drivers are able to complete 65 or more trips in a single week, the money owed towards leasing the vehicle is waived and the driver only has to pay for gas. The driver will have to pay for the fuel in all scenarios. Originally launched in Chicago, the program has now been expanded to include California and Colorado, and will feature the all-new 2017 Chevrolet Bolt EV. GM and Lyft said 30% of Lyft new driver applicants in Chicago requested an Express vehicle and that the Boston program was fully subscribed in less than four days.

General Motors Co (GM.N) and ride-hailing company Lyft Inc said on Monday they would expand their short-term rental program to California and Colorado, building on an effort that GM President Dan Ammann said has "dramatically exceeded expectations". He cited the real estate strategies needed to develop "holding" lots for self-driving vehicles; convenient locations are also needed for drivers to pick up their leased GM/ Lyft vehicles.

Zimmer and co-founder Logan Green started Lyft in 2012.

GM sees markets as L.A., San Francisco and Denver as places with high concentration of hybrid and electric auto owners and therefore important markets to quickly place the Volt and Bolt into ride-sharing services.

GM sees the markets of Los Angeles, San Francisco and Denver as places with high concentrations of hybrid and electric auto owners and therefore important markets to quickly place the Volt and Bolt into ride-sharing services. It is the second-largest such service in the U.S. after Uber and is available in more than 200 United States cities. Uber operates in twice as many cities in the US and in dozens of countries.

"The Chevrolet Bolt EV and Volt are a ideal fit for ridesharing", Ammann says.

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