As a concerned resident of London, UK, I am writing this petition to address a growing issue that affects both drivers and cyclists in our city. It is time to make a change and require all cycle bikes and electric bikes to be licensed and insured.

Personal Story:
I have personally witnessed the consequences of unregulated cycling on our roads. Just last month, while driving my car through the city center, I witnessed an accident with a cyclist who ran a red light. Thankfully, no one was seriously injured, but the incident left significant damage to the vehicle. Who pays the cost of the damage, drivers!

This incident made me realise that there is an urgent need for stricter regulations regarding cycling in London. Cyclists should be held accountable for their actions just like any other road user. By requiring all cycle bikes and electric bikes to be licensed and insured, we can ensure safer roads for everyone while also providing financial protection for both drivers and cyclists.

Facts:
1. According to Transport for London (TfL), there has been a significant increase in cycling accidents over the past few years.
2. In 2019 alone, there were over 4,000 reported cyclist casualties on London's roads.
3. The Association of British Insurers estimates that uninsured cyclists cause millions of pounds worth of damage each year.

By implementing licensing and insurance requirements for cycle bikes and electric bikes, we can address these alarming statistics head-on:

1) Licensing: Requiring cyclists to obtain licenses will ensure they are aware of traffic laws, road safety regulations, as well as basic bike maintenance skills.
2) Insurance: Mandating insurance coverage will protect both drivers' assets from potential damages caused by uninsured cyclists as well as provide medical coverage if accidents occur.

Implementing these measures will not only promote responsible cycling but also encourage a culture of accountability on our roads. It is time to take action and make our streets safer for everyone.

By signing this petition, you are supporting the call for licensing and insurance requirements for all cycle bikes and electric bikes in London. Let's work together to create a safer environment for both drivers and cyclists, reducing accidents, injuries, and financial burdens.

Thank you for your support in making this necessary change happen. Together, we can ensure that our roads are safe for all road users.