I just went to the site where I do all my purchases, and that same bike is at the same price tag as an ebike of medium quality.
I reckon this country is a little particular when it comes to economics, but buying an ebike is far from cheap around here. Until that changes, the bulk of people will use just regular means of transport in this country.
Besides that, I do think that electric vehicles are the best way to move around for distances in the low miles.