Here in Singapore, prices are about the same as Europe. I just replaced my old car with an EV and now my price per km is 1/5 of what I paid before, and that was before the most recent price petrol price hikes.
Sure, and I'm sure that adds a few cents to the price of those goods. Doesn't negate that it's a good time to not have to pay for gas for personal transportation.
I left the US for Spain in February and sold my car before the move. Really lucked out between used car market being bonkers (sold pretty much at break even, including dealers fees with 2 years of ownership) and gas prices doubling.
Now with a young kid it seems I'm likely going to need to get a car again in the near-ish future, and not looking forward to when that hits the wallet :(