If parking would be left to "the market", no one would do it within city limits. Parking spaces are heavily subsidized. In Germany, until recently the costs fo

If parking would be left to "the market", no one would do it within city limits. Parking spaces are heavily subsidized. In Germany, until recently the costs for a residential parking spot were capped at strong 35€/year or so. The actual "market value" of the equivalent space in cities is often around 4000-6000€/year. Getting cars out of cities and using the space more efficiently for pedestrians, cyclists and public transport is not only a way to drastically improve safety and quality of life in cities, but also a smart economical choice (and no, building tunnels like Musk dreams of it, isn't the solution to this problem).