These kinds of rules are usually enacted by people who have lived in a city for a long time and always parked on the street for free. There's some new development and all of the sudden they can't find a space. So they push through rules that force new development to include parking.
I'm sure you have come to some other arrangement but holy shit that would be a lot of time spent travelling each week. It's worth working out how much time you need to spend at work to pay for the fuel, maintenance, and depreciation involved because that is essentially also 'travel time'.
edit: Even assuming an average speed of 50km/h that is about 16.5 hours each week. Including time spent earning the money to cover the associated costs it's going to be over 20 hours.
My average highway speed while commuting is 75 MPH. 90% of my commute is on the highway.
Commuting also means i can afford a home in a one third acre lot, with plenty of backyard for my kids and their dog to play in.
I use a bike for 90% of my travel time and I have a (smallish) libertarian streak too. It galls me that there's such enormous subsidies to vehicle drivers, with a simultaneous refusal from government to invest even 1-2% of that amount towards safe cycling infrastructure. And I say invest (rather than spend), because said infrastructure has been shown every time to generate a profit once you include the health benefits, etc.
https://www.theatlantic.com/business/archive/2015/10/driving...
The other thing the more sinister thing about the talk of removing these regulations is the fact that what it would really serve to do is move everyone except the ultra rich away from having the ability to own their own cars. Part of that is a new profit model for the auto industry, part of it is social engineering to better be able to control when and where people travel at any given time and limit our freedoms. It might seem a bit far fetched but I would bet damn near anything that is the dystopian future we're careening towards. And I'm not a libertarian but I do have a pretty strong belief in people being able to exercise their personal freedoms. And if a little bit of regulation when it comes to parking requirements helps protect our (larger) freedom to choose our modes of transportation, the ability to come and go on our own schedules and manage our own lives, to take a road trip at random because it's Saturday and it's beautiful out and not be charged by the minute for it, and to actually keep ownership of our cars for just a little bit longer, then I consider that a win for personal liberties. Because we still would have the choice.