Los Angeles is planning to undertake a year-long experiment in demand-based pricing on parking in its downtown. The dynamic parking system will be put in place next summer.
Similar to the demand-based dynamic pricing system now in place in parts of San Francisco, L.A.'s pricing system would charge variable rates at parking meters in the downtown area. The program would also be able to keep track of how many spaces are being used, and help direct drivers to empty spots.
"The yearlong ExpressPark program, slated to begin next summer, will use not only new meters but also a network of wireless pavement sensors to keep track of parked vehicles in real time. The sensors will help transportation officials determine which meters are in use and which have expired. Eventually, roadside signs will guide motorists to empty spaces in municipal parking garages and lots.
The program - which involves only city-owned parking in a 4.5-square-mile area - will feature adjustable parking rates, or "dynamic pricing." In other words, when parking demand increases, meter rates increase; when demand drops, rates drop."
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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