Same thing I noticed (US). Even in not so well to do areas I see a lot of new, expensive cars, thinking how can people afford those. The answer I guess is they

Same thing I noticed (US). Even in not so well to do areas I see a lot of new, expensive cars, thinking how can people afford those. The answer I guess is they can’t, but they can get a loan? At some point with all the EVs I was expecting to see lots cheap EVs by now. They were touted for their incredible simplicity after al. But it turns out those are not nearly as cheap and have higher insurance premiums too.