Extract Even Bits Only from 32-bit Register

#include <stdio.h>
#include <stdint.h>

uint32_t extract_even_bits(uint32_t reg) {
    uint32_t new_reg = 0;
    for(int i = 0; i != 32; i+=2){
        new_reg |= (((reg >> i) & 1) << i/2);
    }
    return new_reg;
}

int main() {
    uint32_t reg;
    scanf("%u", &reg);
    printf("%u", extract_even_bits(reg));
    return 0;
}

Solving Approach