# Economic Rideshare Impact Reports Lyft Impact Shows How the Brand Improves People's Lives By Kalin Ned | Published 2020-02-28 | Autos Source: Trend Hunter, https://www.trendhunter.com/trends/lyft-impact References: [lyftimpact](https://www.lyftimpact.com/stats) [Lyft Impact](https://www.trendhunter.com/trends/new-earning-incentive) showcases how the company is affecting transportation within the Greater Toronto Area. Published annually, the 2020 Economic Impact Report suggests that the ridesharing business is effective in "encouraging multi-modal transportation" and reducing the rate of car ownership. For instance, 56% of those polled said that they use Lyft when public transit is not available and 60% do not own or lease a personal vehicle. It seems that the service has empowered [people with disabilities](https://www.trendhunter.com/trends/wheelchairaccessible-vehicle-rides) too as 70% of this demographic state that it has increased their independence. The Lyft Impact report also shares insights from its employees—19% of drivers are over the age of 50 and 20% own a business in addition to this gig. The goal of Lyft Impact is to share the value of [ridesharing services](https://www.trendhunter.com/trends/transportation-apps), both for social growth and local economy, as well as for the environment. Image Credit: Lyft ## Trend Insights (Trend Hunter) - Score: 3.0/10 - Popularity: 31% | Activity: 50% | Freshness: 9% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Autos](https://www.trendhunter.com/autos) ## Key Themes ### Key Themes Behind This Trend - **Multi-modal Transportation:** There are opportunities for disruptive innovation in creating seamless multi-modal transportation solutions that combine ridesharing services with public transit. - **Reducing Car Ownership:** Innovative transportation companies can capitalize on the trend of reducing car ownership by offering alternative mobility options such as ridesharing and other shared transportation services. - **Empowering People with Disabilities:** The rise of ridesharing services presents an opportunity for disruptive innovation to further empower people with disabilities by providing accessible and convenient transportation solutions. ### Where This Applies - **Transportation:** The transportation industry can leverage the trends of multi-modal transportation and reducing car ownership to improve mobility options and address issues of congestion and sustainability. - **Shared Economy:** The shared economy industry can explore opportunities to support and expand ridesharing services and other shared transportation options to meet the evolving needs of consumers and foster economic growth. - **Accessibility Services:** The accessibility services industry can innovate and collaborate with ridesharing companies to enhance transportation options for people with disabilities and improve their independence and quality of life. ## Related on Trend Hunter - [Electric Earning Incentives](https://www.trendhunter.com/trends/new-earning-incentive.md) - [Voting Day Rideshare Deals](https://www.trendhunter.com/trends/voting-initiatives.md) - [Discounted Rideshare Partnerships](https://www.trendhunter.com/trends/discounted-rideshare.md) - [Pet-Friendly Rideshare Services](https://www.trendhunter.com/trends/pet-rides.md) - [Tech-Enriched Urban Rental eBikes](https://www.trendhunter.com/trends/rental-electric-bike.md) - [Rideshare Delivery Partnerships](https://www.trendhunter.com/trends/doordash-and-lyft.md) - [Gender-Based Rideshare Features](https://www.trendhunter.com/trends/lyft-4.md) - [Teen-Safety Rideshare Accounts](https://www.trendhunter.com/trends/lyft-teen-accounts.md) - [Ride Share Profit Calculations](https://www.trendhunter.com/trends/worththeryde.md)