A bicycle is absolutely peak efficient transportation. They are just not as comfortable, safe, or as fast as what people are used to. Some car drivers are also disabled (and most are lazy), which eliminates bicycles entirely for them. Ebikes may also convince some to travel on 2 wheels, but the vast majority of able-bodied drivers will still opt for multi-ton, 4 wheel vehicles for safety, speed, comfort, and ease of hauling kids and cargo. Prices of new EV cars have dropped 15% in the last 2 years and used EVs have dropped 42% in just a year. EV prices will continue to drop as US lithium production increases. In recent years: US oil production has skyrocketed, keeping oil cheap and further slowing adoption. Add the protectionist tariffs imposed on Chinese EVs and its clear our inevitable EV future is getting sandbagged by those with vested interests.