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2 Feb 2024

The Department for Transport (DfT) has published new information on how to safely purchase, charge and use e-bikes and e-scooters in an effort to improve consumer safety.
Following...

30 Jan 2024

Cyclists in Warwickshire rode around the world during December as part of an initiative to encourage safe winter cycling.
 

30 Jan 2024

An  analysis of almost 380,000 people living in Scotland suggests that commuting by bike reduces the risk of mental ill-health.

30 Jan 2024

A North Yorkshire cycle shop, which has become one of the largest bike businesses in the area, is celebrating its fifteenth anniversary.

30 Jan 2024

For our latest retailer profile, we spoke with Dallas Wiseman from BikeWise & Run, a Ceredigion-based bike shop that has become a hub for cyclists in the region.

30 Jan 2024

New data from market research firm Mintel suggests the UK bicycle market could on the road to recovery, with sales of new bikes set to reach almost £1 billion this year.
Mintel...

25 Jan 2024

With more than 500 cycle businesses having now signed up to its campaign for change to the Cycle to Work scheme, a delegation from the Association of Cycle Traders has met with All Party...

24 Jan 2024

The Office for Product Safety and Standards (OPSS) is taking enforcement action and warning consumers about a brand of e-bike battery – UPP – that has been linked to a number of...

16 Jan 2024

Walton Street Cycles, one of Oxford’s oldest bike shops, has been trading in the city since 1975.
 

16 Jan 2024

ACT Gold Member ICE Trikes has announced a new partnership announcement with British Cycling’s Limitless disability and para-cycling programme. This partnership will help to support the...

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UK economy could get £1.1 billion boost if 1 in 5 car journeys were taken by a shared e-scooter or e-bike

Posted on in Business News , Cycles News

Researchers from the Oxford University’s Oxford Strategy Group, a consultancy comprised of students at Oxford University, studied Dott’s London operations. Dott is one of three firms that runs rental e-scooters in the UK capital, and also offers e-bikes in a number of boroughs.

Grey e-bike

The research looked at the direct and indirect financial contribution of Dott’s services, and then calculated the potential economic gains if more people switched from cars to rental e-bikes or e-scooters.

At present, the study claims that Dott’s services contribute more than £3 million to the UK economy. If just 20% of London’s estimated two billion annual car trips were made by a rental e-bike or e-scooter, that number would jump to more than £1 billion.

So how exactly did researchers come up with that figure?

A substantial £672 million was attributed to savings from the reduction in congestion that would happen if fewer cars were on London’s roads. Londoners would also save an estimated 4.7 million hours of time by switching to more efficient travel, creating another £22 million.

Reduced pollution levels caused by having fewer cars on the road would then create health savings of around £371 million.

The remaining money would be created through throw wages, operators and spending on equipment that is required to run rental e-bike and e-scooter services.

Dott CEO Henri Moissinac said: “This new research shows how choosing sustainable transport can benefit the wider economy as well. To unlock this potential, policy makers should take steps to make it easier for more people to switch to environmentally friendly alternatives.”

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