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Good question. Riding bikes is incredibly more fun than driving, and more challenging. Builds charachter, buns of steel, at-work energy levels, at-home energy levels, etc. If I could I would. I used to and would like to again someday.
The main reason for me is time and convenience. I go from 5am to 10pm flat out almost daily with work and other must do's.
I'd like to someday build the 911 project into an EV. Though some say it's heresy, I still want to. Problem is the cost and packaging to get a 60 mile round trip. Local EVers say were just not quite there yet with battery technology, at least the kind of technology that home brew conversions are made of.
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