EV's, and automated road-trains would hugely boost efficiency... hence the dedicated smart-lane.
If you operate dedicated routes that have limited interaction with traffic you found achieve higher efficienct, but now people are being dropped off at what is functionally a bus stop and have to walk to work. This could actually work really well, except choke points like highway ramps will wreak havoc.
Building an entire extra set of lanes everywhere is prohibitively expensive, and even then is only feasible in the outlying areas
It's a very challenging problem in terms of space utilization and management, even if the technology magically worked in the best possible way. AV only solves some of it