Electric Bikes and Bike Infrastructure Investments: Economic and Social Returns

Electric Bikes and Bike Infrastructure Investments: Economic and Social Returns

Bicycling is a great way to get around. It’s good for your health, good for the environment, and good for your wallet. But if you’re like most people, you probably don’t ride your bike as much as you’d like to. Maybe it’s because you live in a hilly area and biking is just too difficult. Or maybe you have to ride your bike on busy roads with no bike lanes and it’s just too dangerous.

Fortunately, there’s a solution to these problems: electric bikes. Electric bikes, also known as e-bikes, are bicycles that have a small electric motor to help you pedal. They’re becoming increasingly popular in Europe and Asia, and they’re starting to catch on in the United States as well.

There are many reasons to invest in electric bikes and bike infrastructure. For one, they’re good for the economy. A study by the Department of Transportation found that for every $1 invested in bike infrastructure, there was a $4 return in economic activity.

But electric bikes and bike infrastructure are also good for society. They promote healthy lifestyles, reduce traffic congestion, and improve air quality.

So if you’re looking for a good investment, electric bikes and bike infrastructure are a smart choice. Not only will you be helping the economy, but you’ll also be helping yourself and your community.

Sep 05, 2023