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.