The City of London Corporation has announced the introduction of new charges for on-street parking in the Square Mile starting Monday 20 August 2018.
The new parking charges will use a ground-breaking parking solution, RingGo’s Emissions Based Parking product, which will target high polluting transport with higher charges while rewarding drivers of low emission vehicles with lower tariffs.
The initiative aims to incentivise motorists to make more environmentally friendly choices and improve air quality across the Square Mile by reducing nitrogen oxides and harmful particulates.
RingGo’s Emissions Based Parking product will automatically assess the type of vehicle being parked and charge tariffs based on the level of pollution emitted by the vehicle. Although the product is being used elsewhere in London, the City Corporation is the first to offer a range of charges dependent on the vehicle’s fuel type.
The following tariff bands will operate on weekdays from 8am to 7pm when air quality is at its worst:
The RingGo app is a cashless parking solution. Motorists still choosing to use cash at a machine, rather than paying with RingGo, will pay the highest rate.
Chris Hayward, Planning and Transportation Committee Chairman at the City of London Corporation, said: “We have seen other areas of London penalise worst offenders such as diesel cars. We are taking this one step further by not only applying punitive measures for these worst offenders but by supporting and encouraging motorists to consider other modes of transport and switch to cleaner vehicles in the future.
“98% of all parking in the City is paid for by mobile phone so RingGo’s Emissions Based Parking is a great way of reminding motorists of the impact of their journey each and every time they travel.
“The Square Mile is one of London’s busiest areas, therefore, it is only right that the City of London Corporation continues to prioritise providing a safe and healthy environment for its workers, visitors and residents.”