Brisbane City Council will axe its declining CityCycle shared bicycle scheme next year, replacing it with 2000 electric bikes distributed across the inner ring of suburbs and CBD.

CityCycle was established in 2010 under a 20-year operating contract with advertising company JCDecaux, but after 10 years racked up only 4 million trips, according to council data.

In contrast, e-scooters introduced in 2018 have recorded more than 3.5 million trips.

A renegotiated contract with JCDecaux will allow the French company to extend its lucrative bus advertising wrap and street furniture contracts to 2031, while being required to dismantle and remove all CityCycle docks and bikes.