Paid parking: Facts & Figures
Passenger cars:
80% are parked at home
15% are parked elsewhere
5% are on the move
Average passenger car expenses:
<1% Paid parking
19% Fuel
80% Depreciation, insurance, road tax, etc.
Demand-based pricing in San Francisco:
Occupancy >80% - tariff goes up
Occupancy <80% - tariff goes down
Occupancy 60%-80% - tariff unchanged
Parking tariff elasticity:
Parking tariffs are mostly inelastic
Average elasticity is 0.3, which implies
that the elasticity of demand is low
Urban traffic:
30% is looking for a place to park
8 minutes to find an on-street parking space
30 km/day per space unnecessary driving
Impact paid parking:
When introducing paid parking at 50 cents per hour, impact on demand is greater than a tariff increase of 50 cents (e.g. from €1.80 to €2.30).