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18 May 2023

It has been reported by This Is Money that HMRC now holds 55 billion items of taxpayers' data, including email and bank records, as it cracks down on tax avoidance. The data is held on its...

18 May 2023

Sustrans is working with local businesses to provide bike maintenance stations and pumps at key stops along the National Cycle Network in Scotland, which, it says, will support more people to...

16 May 2023

Cycling UK has opened nominations for its annual 100 Women in Cycling list, which celebrates the inspirational women working in the cycle sector.

16 May 2023

Bike sales in 2022 were lower than 2021 throughout Europe's main markets, Bike Europe has reported, but e-bike sales continue to thrive - although the UK seems to be the exception.

9 May 2023

A mixed picture is emerging about the effect of the Coronation weekend across the UK's retail sector.

9 May 2023

Nominations have opened for the 2023 British Business Awards.

9 May 2023

The European retail sector has enjoyed its best month for international spending on Tax Free goods since the end of the pandemic after sales surged by 40% month on month in March 2023, taking...

4 May 2023

A study into the positive health effects of riding an electric bike has picked up traction in Germany’s press in the past week, according to a piece in Cycling Electric. Researchers at the...

4 May 2023

Two Derby businessmen have come together to encourage locals to hop on their bikes. Dean Jackson and Paul Martin have launched the city's first road racing team to help inspire...

4 May 2023

More people than ever are regularly walking or cycling rather than using the car due to increases in the cost of living.

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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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