The effect of connected vehicle environment on the transportation systems and the relationship between the penetration rate of connected vehicle and its efficiency are investigated in this study. An example based on the classical two-route network is adopted in this study, in which the drivers consist of two types: informed and uninformed. The advantages and disadvantages of the connected vehicle environment are analyzed, and the concentration phenomenon is proposed and found to be mitigated when only a fraction of drivers are informed. The simulation tool embodying the characteristics of the connected vehicle environment is developed using the multiagent technology. Finally, different scenarios are simulated, such as the zero-information environment, the fullinformation environment, and the connected vehicle environment with various penetration rates. Moreover, simulation results of the global performance of the transportation system are compared. The results show that the connected vehicle environment can efficiently improve the performance of the transportation system, while the adverse effects due to concentration rise out from the excessive informed drivers. An optimal penetration rate of the connected vehicles is found to characterize the best performance of the system. These findings can aid in understanding the effect of the connected vehicle environment on the transportation system.