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Could Congestion Pricing Help Curb U.S. Traffic? | Fortune

Congestion charges—fees paid by drivers to enter highly trafficked areas in peak times—are coming to America. As part of the state budget, New York lawmakers have approved a daily charge on motor vehicles entering Manhattan below 61st Street. The plan is scheduled to go into effect in 2021, with the proceeds used to fix N.Y.C.’s ailing subway lines.

Drivers in London, Stockholm, Milan, and a handful of other international cities have been subject to similar charges for years. Since 2003, the number of private cars in central London has declined by 30%, according to transit authority Transport for London, and in its first three years, the tax was credited with a 17% reduction of nitrous oxide emissions. But its success has been tempered by the explosion of for-hire vehicles from services such as Uber and Lyft, which continue to create congestion for Londoners.

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Could Congestion Pricing Help Curb U.S. Traffic? | Fortune.

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