Once you go that far, you might as well ride a motorcycle or a scooter. You can wear much better safety gear and are fast enough to keep pace with traffic.
As for saying "you might as well ride a motorcycle or a scooter" - you're missing the point entirely. As a cyclist, I don't ride for any other reason than I prefer it.
If you want to say that a car is slower, I would beg to differ. In normal commuting traffic, I blow past the parking lot that urban streets effectively become at rush hour.
The reason we ride bicycles is that bicycles are perfect vehicles, and require no "safety gear" whatsoever.