California voters shot down a plan to make electric vehicles more affordable for some residents, dealing a blow to Lyft and the EV industry alike.

Yet, Prop. 30 did not include carve-outs for rideshare companies. It would have raised tens of billions of dollars to push down the price of electric cars for individuals, including drivers for ride apps like Lyft and Uber. Both companies have committed to going electric by 2030, and this measure could have helped them hit their targets.

Lyft-backed plan to fund electric cars flops in California by Harri Weber originally published on TechCrunch