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DRIVERS IN SEARCH OF PARKING ACCOUNT FOR UP TO 30% OF ALL URBAN TRAFFIC. WE ANTICIPATE THIS TO BE GONE WITHIN 10 YEARS.

One of the most common pain points of urban travel today is trying to find a car parking space. We are all familiar with that frustrating feeling of having arrived at our destination, to only find that there is no parking available, and we end up driving around just to look for one. It’s such a waste of time, fuel money and emissions - but sometimes unavoidable.

Research suggests that in urban areas, drivers searching for a car parking space account for up to 30% of localised traffic, and motorists reportedly spend 106 days of their life looking for a place to park - statistics which would be vastly affected by a reduction in single-occupancy vehicles.

Studies reveal that there are more than 1.2 billion vehicles on the world’s roads and predictions that there will be more than 2 billion by 2035 - with the ever-increasing volume of vehicles coming into the commercial and consumer markets, the pressure on car parking is colossal.

It’s not just the time factor which comes at a cost to drivers, either: searching for parking costs consumers and local economies nearly $600M in wasted time and fuel annually. The impact on the environment due to harmful CO2 emissions from wasted fuel consumption is also another consideration.

As many urban areas are constrained by the lack of space, the addition of more and more car parks isn’t a sustainable solution. One viable answer is to reduce the number of cars on the road - something which Faxi is actively encouraging by enabling people to find carpooling partners.

Organisations who offer incentivised and free car parking spaces to employees who carpool to work are one step ahead of the game in terms of tackling the widespread car parking issues. But there needs to be a collective culture change in order to have a far-reaching impact - people are already aware of the problems, but are not necessarily aware of the solutions made available to them.

If such practices are adopted, the additional 30% of urban traffic who are merely looking to park could be wiped out completely. With the rise of driverless vehicles and smarter schemes such as carpooling technology and car sharing fleets - we anticipate that these issues could be obsolete within 10 years.

Let your organisation know about Faxi’s corporate carpooling scheme providing incentivised priority parking for employees who share their commute.


1. http://shoup.bol.ucla.edu/Cruising.pdf

2. http://www.telegraph.co.uk/motoring/news/10082461/Motorists-spend-106-days-looking-for-parking-spots.html

3. http://wardsauto.com/news-analysis/world-vehicle-population-tops-1-billion-units

4. http://www.frost.com/sublib/display-report.do?searchQuery=Strategic+Analysis+of+Smart+Parking+Market+in+Europe+and+North+America&ctxixpLink=FcmCtx1&ctxixpLabel=FcmCtx2&id=MA83-01-00-00-00&bdata=aHR0cDovL3d3dy5mcm9zdC5jb20vc3JjaC9jYXRhbG9nLXNlYXJjaC5kbz9zZWFyY2hUeXBlPXN1YiZzb3J0Qnk9UiZxdWVyeVRleHQ9U3RyYXRlZ2ljK0FuYWx5c2lzK29mK1NtYXJ0K1BhcmtpbmcrTWFya2V0K2luK0V1cm9wZSthbmQrTm9ydGgrQW1lcmljYUB%2BQFNlYXJjaCBSZXN1bHRzQH5AMTQzMTk3MjU3MDUyNA%3D%3D