A new report by 163 Inrix in collaboration with one of the world's leading economic think tanks, the Centre for Economics and Business Research (CEBR), quantifies the cost of traffic congestion on individual households and national economies in the US, UK, France and Germany.
This is the first study of its kind to forecast the projected increases in these costs in these countries and their most congested cities between 2013 and 2030. Driven by urbanisation and increased GDP per capita over the next 17 years, a few of the key findings will include:
• The combined annual cost of gridlock to these countries is expected to soar to US$293.1 billion by 2030, almost a 50 percent increase from 2013.
• Over this period, the cumulative cost of congestion for these economies combined is estimated to be a staggering US$4.4 trillion.
• At the individual level, gridlock cost drivers US$1,740 last year on average across these countries and is expected to grow more than 60 per cent to US$2,902 annually by 2030. At today's fuel prices, that would equate to 50 tanks of fuel in the US and almost 30 tanks in the UK and Europe.
Register <%$Linker:2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 oLinkExternal here Visit: https://www3.gotomeeting.com/register/317795878 false https://www3.gotomeeting.com/register/317795878 false false %>for the webinar on 16 October at 1100 EDT.
This is the first study of its kind to forecast the projected increases in these costs in these countries and their most congested cities between 2013 and 2030. Driven by urbanisation and increased GDP per capita over the next 17 years, a few of the key findings will include:
• The combined annual cost of gridlock to these countries is expected to soar to US$293.1 billion by 2030, almost a 50 percent increase from 2013.
• Over this period, the cumulative cost of congestion for these economies combined is estimated to be a staggering US$4.4 trillion.
• At the individual level, gridlock cost drivers US$1,740 last year on average across these countries and is expected to grow more than 60 per cent to US$2,902 annually by 2030. At today's fuel prices, that would equate to 50 tanks of fuel in the US and almost 30 tanks in the UK and Europe.
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