At what scale? As a non-trivial percentage of road traffic they can reduce congestion in a million different way. For example, predictive and cooperative route planning (you know what the road looks like 0 to N Km ahead and plan accordingly.
The other one is one of the most frustrating things humans do while driving: Slow down while going uphill. Where I live, except of accidents, this is probably the #1 source of traffic jams on the highway. I don't know what it is with some people (and it doesn't take but a few to cause a mess). Are they not paying attention? It's a chain reaction, once a few cars slow down, traffic coming up at speed log-jams behind them. And, of course, because in the US (or, at least, in CA) nobody has the courtesy to move over the right if they want to go slow, you easily end-up with 4 to 6 lanes of perfectly good highway absolutely jammed. Once over the crest every seems to drive like Max Verstappen. It's both tragic and hilarious to observe.
So, yeah, self-driving cars --at scale-- can absolutely reduce congestion by driving far more intelligently than most humans do.
That said, at a scale that approximates a rounding error they probably can't materially affect traffic.