Interesting tidbit from the report is that almost 50% of fatalities are in towns <100k population, 16% outside towns and 34% in pop centers > 100k. I would have guessed metro areas are more dangerous.
Iceland had several years with zero or one reported cycling fatalities, I can't find road fatalities quickly but I assume driving is less safe there, especially if I'm allowed to cherry-pick a zero-fatality year (where you'd have 0 fatalities per billion miles cycled).
"With 290 cyclist fatalities in 2022, cyclists were the largest group of road casualties." [1]
"Cycling prevents about 6500 deaths each year, and Dutch people have half-a-year-longer life expectancy because of cycling. These health benefits correspond to more than 3% of the Dutch gross domestic product. Our study confirmed that investments in bicycle-promoting policies (e.g., improved bicycle infrastructure and facilities) will likely yield a high cost–benefit ratio in the long term." [2]
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That's just the big picture though, I suspect your statistics are wrong directly as well. Cycling deaths are very skewed towards the elderly [3], so it appears that if you're under 50, cycling is statistically safer than driving, no matter how you look at it.
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[1]: https://english.kimnet.nl/publications/publications/2023/11/...
[2]: https://pmc.ncbi.nlm.nih.gov/articles/PMC4504332/
[3]: https://bicycledutch.wordpress.com/wp-content/uploads/2024/0... (https://bicycledutch.wordpress.com/2024/03/06/cycling-safety...)
And at the margins, cycling does substitute for driving, just as driving sometimes substitutes for flying. The different modes of transportation do have various advantages and disadvantages, but the fact remains that cycling is significantly more dangerous.