I think the Renault Twizy is a great example where it was made too much of a toy - and I pretty much stopped following the developments in the L7e space with that. But now a lot of Chinese companies seem to sell vehicles that are actually useful - mostly in the last-mile delivery space.
This one convinced me that you can build useful vehicles: https://www.ari-motors.com
Essentially, L7e could perhaps be the Kei car of Europe?