Yes, yours is going more on the car, but that's because you're paying a lot more than me.
My vehicle's engine and gearbox have a track record and are tried and tested for over a decade. They are generally regarded as bomb proof. Why would I swap for a model 3 that is unproven and will potentially have huge costs involved in fixing computers and replacing the main battery? Not to mention that I like my vehicle much better than any Tesla. Well used examples are not proven. Not doing that to save on a bit of fuel. The guy who did all the mileage in a Tesla had to change the main battery after around 50k miles. That's a potential £££££ cost. I wouldn't go near one with a bargepole.
Still don't think you can compare a car with a house. Two completely different things. If a property is unsuitable for the occupants it will affect their living standard and wellbeing. A house might be too small, far away from work/schools or in an area of social deprivation. This can greatly affect people's lives, especially if children are involved. Even having a garden can greatly improve people's lives and mental health. There's so many different factors at play. The same cannot be said of a car. A £100k car can't doing anything that mine can't, as needed for driving on the roads. If someone is buying a new car every couple of years, it's more like a status symbol, thrill or wanting the latest thing. It's not the same as a home, certainly not.
I'll get a lot more back too, and it's new, got all the tech, the fuel is 1/4 the price of the equivalent, I don't have to bother with fuel stations (99% of the time), don't pay any tax, it's fast, it will be in demand when I decide to sell. The company tax breaks/ benefits are massive too, but I don't even need to factor that in comparing with an ICE, as it murders a comparable ICE.
Like I keep saying though, try and find me an ICE equivalent, for the same spec, age, power, warranty and TCO?
Compare all you like with an old car, but you're not comparing "eggs with eggs".
You think your engine and gearbox will last another decade? Is it in warranty for the next 100,000 miles or 8 years? Maybe if it breaks you can tell them it was tried and tested, and get a free replacement?
A "bit" on fuel? You mean 3/4 the cost on fuel? Never mind the tax, discs, pads etc.
I don't have a Tesla, ST can fill you in on those, they've been making EV's for about 13 years though, and are now the most valuable car company in the world, I guess they know what they're doing. The model 3 has an 8 year 100k mile warranty, the S and X 8 years/ 150k. I've never had anything like that on any VW, BMW, Audi, Merc, Porsche etc. I expect that carries over to whoever gets it at 3 years, with 40k miles on it.
A house can and does, and those things are far more important, which is why people should probably spend 5-10x more on their house than their car. I'm not saying someone should get a 100k house and a 100k car. I'm using your point that if you pay less, you get less, which you've confirmed, cheers.
People rely on their cars to pay for their house.
If people can afford £200 TCO, they can spend £200 TCO, or £500, or £1000 or £2000. What you get for each of those brackets is what I'm on about. Comparing someone having £1000 to spend and £200 to spend is two completely different arguments, I'd never advise someone with a £500 TCO budget to spend £1,000 TCO, it would be ludicrous. Like is someone with 3 kids spending 200k on a house with a garden or 1m on a bigger house with a garden, different budgets get you different things. Same applies to shoes, watches, phones, anything. You can always buy something at a lesser TCO budget, but you're going to be getting less for that. The more you go up the budget range the more you pay a premium on your return, it's the law or diminishing marginal returns.
