Sometimes you have to nerf something because it's been buffed too many times, beyond what's sustainable or reasonable
In other words: there's a profit motive, so people get something really good for their money.
Public transport is frequently a monopoly or semi-monopoly, and there is power available (the people running the public transport also get to set rules for drivers), and exercising power is much, much easier than competing in a market.
Now you say there are rules to follow on these roads, with enforcement, meaning someone has power over you the entire time? Yikes.
Mandatory parking minimums, high speed limits, car lanes without bus lanes or bike lanes, tearing down neighborhoods to build interchanges and highways...