Did you know that May is National Bike Month? As the weather warms up and the school year winds down, it’s the perfect time to take your bike out for a ride!
Bicycling has many known benefits: It’s a fun form of exercise and an environmentally friendly way to get around town. And according to new research, biking also benefits your wallet. Experts have determined that riding a bike is six times less expensive than driving.
Researchers at Lund University in Copenhagen—the capital city of Denmark—conducted a study to compare cars and bikes in terms of how much they cost society. To do this, they considered the impact of cars and bikes on pollution, public health, wear-and-tear to roads, and even long-term factors like climate change. These are all elements that could cost local governments money in the future. The researchers also factored in how much it costs an individual to purchase and maintain a bike compared to a car.
The data showed that bicycling’s cost to society is much less than the cost produced by driving. The financial impact of driving a car is about €0.50 (euros) per kilometer. The impact of bicycling is six times less, at just €0.08 per kilometer.
The researchers hope this new information will inspire cities to invest in bicycle lanes and other bike-friendly policies. If more citizens are encouraged to bike to school or work, the savings could add up over time.
Copenhagen is already leading the path: Cycling is the most popular mode of transportation in this bustling city. About 36 percent of the population commutes by bike every day. As a result, Copenhagen has been called the most bicycle-friendly city in the world!
By choosing to bike instead of drive a 10-kilometer trip, a cyclist saves about €4.20. Exchange rates fluctuate, but as of today €1 (euro) is equivalent to $1.13. How much will the bicyclist have saved in U.S. dollars? Set up a proportion to solve.