A well designed intersection can easily get 20 cars through per cycle.
Don’t get me wrong, I’m a fan of bus lanes and really a fan of light rail. But I really hate this type of hype where basic assumptions don’t pass the smell test.
And if you want to get into some real economics, a system like the LA Metro Authority operates at about 20% Fare Box Recovery. That means for every $1 of fare collected, a subsidy of $4 is required to keep the system running. At least when someone drives their own car, they are actually paying their own way.