I suppose this is general knowledge by now. I really do not think this will work. Perhaps those living in the more wealthy areas will manage fine but for the millions having to park on the road there will be serious problems. The parking in many roads in Allesley Park is difficult as many households have several cars. It is always happening that a driver gets home to find nowhere to park near his/her home. Perhaps this is just a plan to get the working class off the road.
https://www.bbc.co.uk/news/science-environment-51366123