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Why New York Will Charge $23/Day To Drive Into Manhattan

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Drivers headed to downtown Manhattan will face a new toll beginning in spring 2024. The final fee, which is still up for debate, is expected to be between $9 and $23 dollars per day for passenger vehicles. Commercial vehicles will be charged upon each entry and exit to the zone. Regional planners believe the toll will nudge some drivers onto transit. The MTA plans to use the proceeds from congestion pricing to shore up its aging infrastructure. Watch the video above to see how New York City is planning to spend the cash raised by the new toll.

Chapters:
00:00 — Introduction
03:23 — Tolls
05:45 — Environment
08:24 — Ride-shares and taxis
10:40 — Global cities

Produced, Shot and Edited by: Carlos Waters
Additional Shooting and Editing by: Liam Mays
Animation: Jason Reginato
Editing Support by: Jack Hillyer
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images, New York Metropolitan Transit Authority
Additional Sources: BronxWorks, U.S. Census Bureau, Office of New Jersey Governor Phil Murphy, Environmental Protection Agency, ESRI, U.S. Federal Highway Administration, MoSAIC Institute of Transportation Studies at University of California Davis, New York City Department of Transportation, Texas A&M, TransCore, Transportation Workers International

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Why New York Will Charge $23/Day To Drive Into Manhattan
Category
Tech
Tags
CNBC, CNBC original, congestion pricing
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