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Most Europeans have one, max 2 cars per household. A fuckton of Europeans also go on holiday with their cars once or twice a year.
One car needs to work for most use cases. It’s fine if you have more cars than people in the house that one of them is a 100 mile range commuter, but a different kettle of fish if the same car needs to do an 800+ mile trip to the Mediterranean in summer and a 500 mile ski trip in winter.
The rulers of today have already bought nice chunks of London, Paris, New York. They’ll be fine.