Not just that, but it also puts significantly less wear and tear on the road vs cars. So you can save money there by getting more people to bike.
Yeah, there was a video or podcast, I forgot from whom, where they talked about costs. They showed that cycling infrastructure actually MAKES cities money, and car infrastructure always loses money.
When you factor in lowered healthcare costs, less infrastructure costs, increased local business and community involvement, more equitable transportation options, and climate - giving everyone an ebike could be one of the best things that any place could possibly do.
I love that modern cities like Paris and Amsterdam and unfucking their transportation system by making fewer car roads available (or making them narrow, rather than expanding them) and putting an emphasis on cycling and other forms of micro and public transportation.
Every city in the world should be following their lead.