While I am a huge supporter of electric cars and mass transportation, I also believe bikes should play a more important role in our lives and cities. And so does Grist with its great Bikenomics series of three articles.
Indeed, cycling allows people to stop buying foreign oil and thus spend their money in local economies instead. This could actually bring millions, I should write, billions, of dollars and euros in local communities.
As a matter of facts, it is already doing so in some regions of the United States. Biking is also a great way to reduce energy consumption and has many advantages for your health.