The efficiency of an EV SUV will never be anywhere near the efficiency of an (electric) bicycle. Motor and battery efficiency also improves for bicycles. The bicycle will always need only a fraction of the resources, in materials, electricity and occupied space.

It embeds the existing dominant individual, resource-wasting mode of transport even deeper into the culture (and urban planning). That makes it a negative for urban environments. Bit different story in very sparsely populated areas.