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Are you going to convince the average joe to ride to work when they now can only afford to live in zone 4 and have a 12 mile ride to work?
Enough of them will be convinced by the overcrowded public transport that they'll cycle to escape it.
Once enough of them are convinced to cycle then public transport isn't so overcrowded. It's kind of self regulating.
I know when I used to regularly get the train from Putney to Waterloo at ~8am I often had to wait for the 3rd or 4th train before I could get on one (and I'm not shy about cramming myself in), the first two or three were just so full.
My choices were:
a) Start my day by traveling one or two stations backwards (Barnes, etc) to increase chances of getting on a train
b) Go later/earlier
c) Cycle
Greenbank
Going off topic here, but this thread has reminded me of something that as far as I'm aware hasn't been mentioned that could completely ruin mass cycling in London.
Rising house prices.
Are you going to convince the average joe to ride to work when they now can only afford to live in zone 4 and have a 12 mile ride to work?