Yea and it will have a range of ~50 miles if you’re lucky.
What do you mean by break? Everything at some point breaks. If you do your research to buy a quality and cared for vehicle in the first place, keep it maintained, 300k miles is of minimal cost and effort.
I suspect we'll see an overlap in wealthier households of a petrol or plug in hybrid for longer journeys, and a second hand EV for the daily commute, idling in traffic wastes significant petrol.