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The London Congestion Charging Scheme: The Evidence

In: Road Pricing, the Economy and the Environment

Author

Listed:
  • John Peirson

    (University of Kent)

  • Roger Vickerman

    (University of Kent)

Abstract

In February 2003, the Mayor of London introduced road pricing for driving in a small area of Central London. The London Congestion Charging Scheme uses relatively simple technology, was implemented over two and a half years, faced political opposition and required the efforts of a determined political champion who refused to be put off. The £5 charge has reduced car movements by about 30%, and increased bus use and traffic speeds. The unexpectedly large reduction in car use is partly explained by the possibility of taking routes around the charging zone. For this reason, the implied elasticity of about −0.8 is greater than many other previous elasticity estimates. It is suggested that extending the Scheme to a larger area or applying a similar scheme to certain other cities may not be quite so successful.

Suggested Citation

  • John Peirson & Roger Vickerman, 2008. "The London Congestion Charging Scheme: The Evidence," Advances in Spatial Science, in: Chris Jensen-Butler & Birgitte Sloth & Morten Marott Larsen & Bjarne Madsen & Otto Anker Nielsen (ed.), Road Pricing, the Economy and the Environment, chapter 5, pages 79-91, Springer.
    • Handle: RePEc:spr:adspcp:978-3-540-77150-0_5
    DOI: 10.1007/978-3-540-77150-0_5
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    Cited by:

    1. Vonk Noordegraaf, Diana & Annema, Jan Anne & van Wee, Bert, 2014. "Policy implementation lessons from six road pricing cases," Transportation Research Part A: Policy and Practice, Elsevier, vol. 59(C), pages 172-191.
    2. Elvik, Rune & Ramjerdi, Farideh, 2014. "A comparative analysis of the effects of economic policy instruments in promoting environmentally sustainable transport," Transport Policy, Elsevier, vol. 33(C), pages 89-95.

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