Cities already tend to have limited parking. We might see more parking structures located in cheap out-of-the-way locations rather than near places people want to go. And street parking could go away in favor of consolidated parking structures, freeing up road space for both car traffic (with extra lanes) and foot traffic (widen sidewalks).
But I think it'll have an even larger effect on suburban areas. Shopping centers, strip malls, and similar will no longer need to have massive flat single-story parking lots, freeing up a huge amount of space. Likewise for major employers, and commuter parking lots for mass transit.