Traffic congestion results in a staggering annual time loss equivalent to 700,000 years for road passengers worldwide, due to an average delay of 2 minutes per day for 500 million daily passengers. Additionally, the monetary loss attributed to traffic jams is significantly high, with costs ranging from billions in various cities and countries to a loss of 2% to 5% of GDP in the US and UK, respectively. Mitigation strategies include infrastructure improvements, expanded public transport, and urban planning measures like carpooling and reversible lanes.