I agree with you from the perspective of actual parts costs.
I probably should have specified this a bit better, but when I say they are overpriced for what they are, this is more what I mean:
(disclaimer I do not have total comprehensive knowledge of the entire ebike market, please correct me if I am wrong)
Generally speaking I see ebikes going for something like $1k to $3k, and generally speaking you get a top speed of about 20 to 25 mph, and a fully electric unassisted drive of about 40 miles, unless you pay a good deal more for bigger batteries/more advanced drive train, basically.
Sure, this is neat amd useful for people who do not need to move long distances.
But I guess you could say I dont fall into that use case demographic.
And I can get a used motorbike with significantly greater speeds, range, and greater off road capabilities in that same price range.