INRIX Research Reveals The Hidden Cost of Gridlock on Our Roads

With drivers in our world’s worst traffic cities wasting more than 60 hours in traffic last year, the frustrating impact of traffic congestion on our time has been known for some time

The Hidden Cost of Gridlock on Our Roads

This from the INRIX blog…

Our latest report, The Economic and Environmental Cost of Traffic Congestion, reveals that traffic congestion drained the economies of the US, UK, Germany and France of more than $200B last year. In the US alone, traffic congestion robbed the economy of $124B last year – enough money for every person in the city of San Jose to purchase brand new, fully loaded Tesla Model S P85D. At the individual level, the cost last year averaged anywhere from $1,736 per household in the US to more than $2K per household in the UK, France and Germany. These numbers are a measure of both the direct costs in terms of the value of drivers’ wasted time and fuel idling in gridlock as well as indirect costs to U.S. households resulting from businesses passing these same costs on to consumers in the form of higher prices for goods and services.

See The Economic and Environmental Cost of Traffic Congestion

Source: INRIX blog