Not really, the whole point of "cycling" is conspicuous consumption and virtue signaling. The high price is what shows that you aren't some pleb riding a bicycle shaped object out of necessity. It's also health conscious, so extra status points. So the market charges this much as a differential, in the same way a "bespoke" suit is pricer than something off the rack.
People who want a car-alternative for necessity either buy a wal-mart bike, a cheap electric/gas moped, maybe a motorcycle, or walk.
People who want a car-alternative for necessity either buy a wal-mart bike, a cheap electric/gas moped, maybe a motorcycle, or walk.