Introduction of Congestion Pricing

Congestion pricing in New York City aims to alleviate traffic by implementing a fee for vehicles entering certain congested areas. By reducing the number of cars on the road, it is expected that the overall transportation experience will improve for both taxis and ride-sharing services, like Uber and Lyft. The additional revenue generated will contribute to the funding of public transit infrastructure, aiming to enhance the overall efficiency of the system. The anticipated outcome includes a gradual reduction in traffic, aiming for a 10 to 20 percent decrease over time.