I think electronics stand out as an area where veblen goods don’t really exist. Partially this is due to scale vs bespoke artisanal works.
That is the differentiation between a 50k vs 200k vs 1M car is often the hand crafted mechanical and luxury touches. Often the core platform of these vehicles is even shared in the case of the VW group and its various halo brands. The things that make a luxury car better are not mass produced.
One cannot hand craft an artisanal CPU better than Apple/Arm designs in a TSMC fab, nor a screen better than Sharp/Samsung, nor a cellular modem better than Apple/Qualcomm, etc. The things that make electronics better are the result of billions worth of R&D/infra with the intention of producing tens of millions to billions of devices.
That is the differentiation between a 50k vs 200k vs 1M car is often the hand crafted mechanical and luxury touches. Often the core platform of these vehicles is even shared in the case of the VW group and its various halo brands. The things that make a luxury car better are not mass produced.
One cannot hand craft an artisanal CPU better than Apple/Arm designs in a TSMC fab, nor a screen better than Sharp/Samsung, nor a cellular modem better than Apple/Qualcomm, etc. The things that make electronics better are the result of billions worth of R&D/infra with the intention of producing tens of millions to billions of devices.