Last year New Yorkers took just under 30m rides on the Citi Bike scheme there; in Chicago, the Divvy scheme had 6.3m riders, up nearly 40% on 2021
Cycling is booming across America. Bike-share schemes, too, have been thriving. According to the Bureau of Transportation Statistics, usage of six of the largest docked systems nationwide increased by 42% from March 2020 to March 2023. . And yet many schemes, like that in Minneapolis, are closing. In 2019, 109 cities were served by a docked-bicycle-hire scheme; that has now fallen to 56.
The basic problem, says David Spielfogel, the chief business officer of Lime, which operates dockless bikes and scooters, is that the boom, funded by venture capital, is deflating like a punctured tyre, and too many operators “haven’t figured out how to run a profitable business”. Dockless-bike firms were the first to go. But docked schemes are now suffering too, especially outside the biggest cities.
Schemes like New York’s or Chicago’s are not at risk of closure. But bike advocates accuse Lyft, which runs those two systems, of not maintaining non-electrified bikes in order to push riders onto pricier e-bikes. For non-members, hiring an e-bike can rival the cost of a taxi . While demand stays high, that might sustain networks. But it will hardly accelerate the boom.
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