Making the economic case for cycling

Cycling is more than just a green alternative-it’s a powerful economic engine for individuals, cities, and society. While some cities still hesitate, questioning whether cycling infrastructure is worth the investment, the data tells a compelling story: cycling delivers high returns at a fraction of the cost of other transport modes.

Why Invest in Cycling?

• Lower Costs for People: Cycling slashes daily transport expenses, offering a safe, affordable alternative to driving. It allows many to reduce or even eliminate car ownership, freeing up household budgets for other needs.
• Savings for Cities: Cities that prioritize cycling see fewer traffic crashes and lower healthcare costs, less congestion, and improved air quality. These benefits translate into real savings-less money spent on road repairs, healthcare, and lost productivity from gridlock.
• Job Creation and Economic Growth: Building cycling infrastructure creates jobs and spurs growth in manufacturing, tourism, micromobility services, goods delivery, and street vending. Businesses in bike-friendly areas often see increased foot traffic and sales, as cyclists are more likely to shop locally.
• Boosting Local Economies: Studies show that every square meter of cycle parking can generate significantly more retail spend than car parking, and that vibrant, walkable, bikeable streets attract more shoppers and tourists.

A Scalable Solution for Climate and Equity

Cycling is a low-cost, high-yield answer to climate and equity challenges. It reduces emissions, supports healthier lifestyles, and makes cities more resilient to shocks-whether economic, environmental, or social.

The Bottom Line

Investing in connected, comprehensive cycling infrastructure isn’t just about transport-it’s about building cities that are more prosperous, resilient, and equitable. The economic case is clear: cycling saves money, creates jobs, and improves quality of life for everyone.

source:
https://itdp.org/publication/economics-of-cycling/