Cycling creates €513 billion annually in Europe, says new report

Every year, cycling in 28 EU Member States creates economic benefits of €513 billion, more than €1,000 per inhabitant, according to The European Cyclists’ Federation’s (ECF) new report, EU Cycling Economy.

“Development of safe infrastructure is very important to bringing more economic benefits,” Holger Haubold, co-author of the report, told Cities Today. “Important contributions have also been made by campaigns such as Bike2Work, including fiscal and financial incentives, as well as by a large growth in cycle tourism. Finally, e-cycling has played an important role in a growth of the bike market, notably in countries such as Germany, The Netherlands and Belgium, opening up cycling to groups...