INRIX Projects Annual Cost of Gridlock
Today INRIX completed a study with the Center for Economics and Business Research (Cebr) projecting the combined annual cost of traffic gridlock in Europe and the US will soar to $293 billion by 2030 if nothing significant is done to address it. This is almost a 50% increase from 2013, driven mainly by urban population growth and higher living standards as a result of increased GPD per capital.
What can be done? The key is to make data-driven decisions. Drivers make better decisions about when to drive and where to drive if they have real-time information available to them. Too often governments make decisions based on politics and not data about what will have the biggest impact on reducing congestion.
Better data = better decisions = reduced congestion. At INRIX, we’re trying to do our part to provide this.
Posted on October 15, 2014, in Uncategorized and tagged CEBR, Congestion, Gridlock, INRIX, Traffic. Bookmark the permalink. Leave a comment.
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