After the provincial Passenger Transportation Board (PTB) announced on Thursday it had officially approved applications for ridehailing operators Lyft and Uber, Uber announced in an email to its customers it will be hitting Vancouver roads as of Friday morning.
And at a press conference on Friday, Lyft also announced that it will be in operation and on the roads as of today.
During the morning announcement, Lyft said its operating areas will be Vancouver’s city core (west by Dunbar Street, east to Victoria Drive, and south to 41st Avenue) as well as YVR airport, and the PNE grounds.
Lyft also announced that for the first 10,000 rides, it will donate $5 per ride to Covenant House Vancouver.
Both companies have now unveiled their pricing structure.
Uber announced this morning that for its customers, there will be a base booking fee of $2, a base fee of $2.50, for a total of $4.50. The per-kilometre rate is 70 cents, and the per-minute rate is 33 cents.
For Lyft, the base fare will be set at $2.50, along with a service fee of $2.50, as well, for a total of $5. The cost-per-kilometre will be 65 cents, and the cost-per-minute will be 33 cents.
The city has already established a business licence structure of annual fees of $155 per ride-hailing company and $100 per vehicle, plus 30 cent pick-up and drop-off fees within the downtown Vancouver peninsula and Central Broadway Corridor.