Bike Share Toronto deploying more e-bikes, docks as revenue ‘scaling faster than costs’
Global News
The Toronto Parking Authority, which manages the program, revealed those details in its 2025 Business Review and 2026 Annual Operating Plan presentation on Wednesday.
Bike Share Toronto will deploy more electric bikes and docks this year as revenue “is scaling faster than costs.”
The Toronto Parking Authority (TPA), which manages the program, revealed those details in its 2025 Business Review and 2026 Annual Operating Plan presentation to the TPA board of directors on Wednesday.
That presentation stated e-bikes are driving a “positive shift” within the network, improving customer experience and accessibility.
And despite operating at a financial loss for years, revenue growth will keep pace with cost pressures this year, given that Bike Share is forecasting 8.6 million rides, it detailed.
“Total ridership is expected to increase 0.79M (10 per cent) led by e-bikes,” the presentation reads.
“Electrification is driving incremental demand faster than the system average.”
Bike Share Toronto began as Bixi Toronto in 2011, with 1,000 bicycles available from 80 locations primarily in the downtown core.
The TPA took over the program in 2014, giving it its current name and expanding it into a citywide network.
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