- 600 million passenger cars on the road around the world
- By 2030, 40 “megacities”- urban areas with more than 10 million residents- are expected to develop around the world
- 30% of traffic in cities worldwide is caused by people driving around looking for parking, according to a 2007 UCLA study.
- 45% of the traffic in Brooklyn, NY is estimated to be caused by people looking for parking
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Combine fuel use with passenger occupancy, and buses are four times as energy efficient as cars or planes. (November 23rd 2009 issue of Time magazine)
*Parkmobile: an Atlanta-based start-up creating smartphone applications to help drivers find parking spots and use the same handset to pay for parking. Bill Ford, executive chairman of the Ford Motor Company, runs Fortinalis Partners, a company that invests in technologies to help alleviate congestion on the roadways and has backed Parkmobile.
Source: July 5th Edition of Fortune Magazine
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