In the UK, most people don't pay the "sticker" cost for a car. They take out a PCP or similar plan. Pay £X00 per month for Y months. At the end of the period, either buy the vehicle outright or hand it back. Or, as many people do, switch to a new vehicle.
That's why you see so many expensive cars driven by people who can't afford them. No one is paying the up-front cost. They splurge their disposable income on a motor and treat it like a mobile phone - upgrade it every few years.
A VW eUP (an electric vehicle) is about £200pcm. The new Mini is about £300pcm. Those are comparable with ICE vehicles.
That's why you see so many expensive cars driven by people who can't afford them. No one is paying the up-front cost. They splurge their disposable income on a motor and treat it like a mobile phone - upgrade it every few years.
A VW eUP (an electric vehicle) is about £200pcm. The new Mini is about £300pcm. Those are comparable with ICE vehicles.