Well it is definitely cheaper, but I would hazard a guess it's not always faster from the burbs. For me it is because I am a 30 minute ride and in car traffic it is 45m-1h. So it checks all the boxes you mentioned. But people still drive here. I think convenience is subjective too, since I find it convenient to not deal with car parking in the CBD and I don't find the cycling inconvenient, but others would consider the cycling inconvenient enough that an extra 15 minutes in the car doesn't worry them.

It’s the convenience that’s missing.

The difference is not having to worry about the weather (too hot, too cold, wet) and even aside from that, carrying an extra set of clothes even in ideal conditions. And you’re obviously limited as to how much you can carry.

Speaking as someone who cycles as a hobby and for transport around the city (commuting and leisure).

In London it’s definitely faster cheaper and more convenient. Still hasn’t reached the critical mass.

He’ll in central london it’s faster to walk than get a bus, and buses he special lanes to bypass the traffic!

They should get ride of bus lanes and use the lane for bikes and escooters. Put buses in with the delivery vans.