A demand-based pricing system has just gone live in Los Angeles, with the intent of relieving traffic congestion, reducing air pollution and improving city transit operations by adjusting the price of a parking spot based on driver demand for spaces and availability.

The pilot program intends to work by increasing rates on high-demand spots (and lowering them in low-demand areas). This will create the potential for more parking spaces to become available on each block, reducing the congestion and pollution generated by drivers hunting for curbside parking.

Here’s how the system works.

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