We have reached a point where it's possible to make a car that lasts 200,000 km reliably, but the economic incentives are to make a car that people want to upgrade every few years. The ability and incentives are hugely misaligned.

My goto example for this is Hilti powertools. They can (and have) made some of the best tools in the game, but they now make most of their money from companies going the "fleet" option, where, for a monthly fee, tools can be replaced almost immediately when they fail. The result of this is tools that work brilliantly for a short time but are non-field-repairable, and aren't really designed to last any more.

Economic incentives beat engineering ability.