No they wouldn't. Ferraris are impractical, expensive to fuel, unreliable, can't be used on poor roads, hard to get into, have no luggage space, only hold two people, et cetera. Their main appeal is that they signal status. And if they were cheap, they don't do that.

EVs had similar drawbacks: range anxiety, et cetera. It was not a given that people would buy them even if they were cheaper.

Now we know they will, and get a glimpse of society in a world where EV's are cheaper than gasoline cars.