The Third Generation Partnership Project(3GPP) has specified the Cellular Vehicle-to-Everything (C-V2X) radio access technology in Releases 14 and 15, with a focus on facilitating direct communication between vehicles through the sidelink PC5 interface. This interface offers a robust cloud-native core network with end-to-end network slicing functionality. The performance of di-rect vehicle-to-vehicle (V2V) communications has been improved by using the sidelink interface, which allows for network infrastructure by-pass. Sidelink transmissions make use of orthogonal resources that are either centrally allocated (Mode 1) or chosen by the vehicles themselves (Mode 2). The development of radio access technologies that enable dependable and low-latency vehicular communications has become of utmost relevance with the rise in interest in connected and autonomous vehicles. This is especially necessary when there are heavy traffic conditions and patterns. We thoroughly examined the New Radio (NR) sidelink’s performance under various vehicle densities, speeds, and distance settings. Thus, by evaluating sidelink’s strengths and drawbacks, we are able to optimize resource allocation to obtain maximum coverage in urban areas. The performance evaluation is conducted on Network Simulator 3 (NS3.34/5G-LENA) utilizing various network metrics such as average packet reception rate, throughput, and latency.