Even better if people bought ebikes. It is galling that rich people get a $7500 credit to buy a $50-100k luxury bauble, while there are no incentives for ebikes.
Angle grinder wins against any lock. Maybe you're not the easiest bike to steal by having your very expensive lock, but in certain areas (NYC being a big one) that basically doesn't matter. And insurance claims from the bike locks still suck, since you have to deal a lost bike and an insurance claim every time that happens...
Note how infrequently iPhones are stolen since apple got serious about preventing it.
It works pretty well although there is some maintenance cost when bits pack up. It's quite easy to find similar on facebook market.