Traffic engineers love connected vehicles because they are so much fun to model. It's like a structural engineering being granted a new super-material--you can do things that used to be impossible.
Traffic engineering is an engineering discipline and accordingly is empirically grounded in physics. Cars take up space, they have mass, there are limits to how fast they can accelerate, how fast they can stop. Some of those limits are physical, some are averages of human capability. After much empirical work, much is known about those limits, and it's possible to combine what is known to make models and operationalize those models as mechanical simulation models.
But those same models show limitations -- you can't get more than 2000 cars per lane per hour, because the faster people go, the less time they have to react when the car in front of them brakes, and so the more space they leave. There is an equilibrium, and the optimum speed for maximum flow volume is remarkably low.
Connected and Autonomous Vehicles (CAV) let traffic engineers throw all of that empirical work out the window and ask "If we automated all the cars, how good could we get?" And the answer, unsurprisingly, is a lot. If we automated all our vehicles, it would save a huge amount of time.
This has led to a lot of worthless pie-in-the-sky papers being published, as traffic engineers explore the fantasy of complete automation. We know this particular form of naval-gazing is worthless, because transit did the same thing decades ago, of how great things would be once a huge region-spanning network was built. (They weren't).
Same fallacy: something that works once everything is done is a dead letter, because the scale of the required change is so great that it has to be incremental and evolutionary. Which in turn requires each intermediate stage to be immediately viable and sustainable, as there is never any certainty how long that stage may last. (We can't move the vehicle fleet from gas to electric for the same reason).
The useful papers have been about those incremental stages, rather than the fanciful end-stage. And those papers strongly suggest that the gains from the intermediary state are pretty limited. Indeed, so limited they may not justify the investment.
So CAV are a bit of a dead letter, for the same reason that electric vehicles have taken so long to spread--infrastructure costs. No one is willing to take the risk without the infrastructure, and no one will invest in the infrastructure without the market basis.
Still fun to run models about, though, and to dream about.