Inrix: Traffic jams are costing £8bn per year in the UK
Connected car services firm Inrix has released its latest analysis of UK traffic which highlights it costs the economy around £8 billion per year.
Drivers in the UK’s most congested city, London, lost 227 hours each last year. Birmingham took second place with each driver wasting 134 hours, while Glasgow was third losing 99 hours.
Overall, it’s costing each driver an average of £1,137. For weary London travellers, it’s costing around £1,680 each.
Connected cars, and eventually autonomous vehicles, are expected to help reduce congestion. V2I (Vehicle-to-Infrastructure) connectivity will help to ensure traffic keeps flowing safely and diversions put in place where incidents occur.
On top of these efficiency improvements, the debut of driverless cars is expected to reduce car ownership and boost car sharing.
Fewer cars on the road, especially those with single occupancy, results in less traffic. This will help to ease congestion, speed up journey times, reduce carbon emissions, and free up more parking spaces.
This will herald another ‘as-a-Service’ (I hear you groaning at the back!) called ‘Mobility-as-a-Service’, or MaaS for short.
MaaS will also enable new models of transport monetisation; such as unlimited travel using a driverless service for a monthly fee. A subscription could even allow users to access transportation in other countries where they travel for work or leisure.
The monthly fee should reduce the overall cost of transportation as each user will not be wholly responsible for paying things such as vehicle maintenance, fuel, parking, tax, and the other less fun parts of being a driver.
In terms of Inrix’s global rankings, Moscow was the most congested city in the world last year. The city was followed by Istanbul and Bogota. London, for comparison, was in sixth place.
Inrix calculated its findings based on anonymous data gathered from over 300 million ‘connected cars and devices’ which use its traffic services.
Interested in hearing industry leaders discuss subjects like this? Attend the IoT Tech Expo World Series events with upcoming shows in Silicon Valley, London, and Amsterdam.
- » Overperformers in digitisation see IoT and AI technologies as key, study argues
- » Study reveals majority of organisations finding it hard to understand business benefits of IoT
- » Waymo allowed to use self-driving vehicles to transport passengers in California
- » Thoughts on MWC Shanghai: Three key factors for IoT growth
- » ABI Research predicts 24 million satellite-linked IoT connections by 2024