Each driver knows that miserable sensation when circling the block for the third time in a row and passionately praying for someone to leave. In most cases, finding a parking place is an odyssey nowadays, especially living in busy neighborhoods.
It is counted that 30 percent of the traffic is people looking for a spot to park. And it seems things will not become easier in the future either. According to the study made by the research house Bernstein, in 2015 there were 1.1 billion of cars globally. The study reveals that the number of cars in 2025 should reach 1.5 billion. Meanwhile, the expected growth for 2040 is double – 2.0 billion of cars worldwide.
The western world can...