The real issue is unit sales being so low. The R22 is a popular and ‘cheap’ helicopter ranking #8 in total sales, but it’s sold less than 5,000 units worldwide over 40 years.
PS: Fixed wing aircraft are popular because they have a huge range of inherent advantages. VTOL sounds great, but the downsides are enormous.
And don't rule out eSTOL. I think we'll see more of that.
Helicopters have an operating cost per hour an order of magnitude higher than a comparable payload conventional aircraft. The purchase price per payload capacity is also nearly an order of magnitude different. It's not the operator cost that determines the difference in price between helicopters and CTOL.
Similarly, an electric helicopter would qualify as eVTOL. People generally aim for something more efficient in flight, but that’s a separate question.
Even so, only about 1000 single engine piston airplanes are sold every year.
https://www.controller.com/listings/aircraft/for-sale/list/m...
(Additionally, a lot of general aviation aircraft have moved to turboprop in the last few decades.)
You're right, they last forever, and so the market for new aircraft is tiny. Really a vicious circle: high costs lead to low volume leads to high costs.
The market is probably there if someone could pull off a 1-2 seat VTOL that had maybe a 60 mile range.
That said, if it is an LSA, at least in the US, it would have to meet the normal LSA or E-LSA regulations. Including the service schedule, which is less onerous and non-LSA general aviation, but still far more than a car.
As people already pointed, redundancy. Those systems have a lot of engines.
The simplest ones have fixed engines, and the most complex ones have then engine move in a single axis. Both are much simpler than an helicopter.
Electrical motors inherently require less maintenance, what isn't as large a change as it seems.
All the e-VTOL designs I have seen can glide, what places them on the same category as airplanes, that require much less maintenance than helicopters.
They are mechanically simpler, but aerodynamically and electrically vastly more complex. These designs are only possibly due to modern engineering, otherwise they would have been invented before the helicopter.
Electrical complexity is more reliable by orders of magnitude, and aerodynamics won't fail mid-flight.
In that kind of area, there's not the population density to support any kind of mass transit (or even really taxis) and the distances are too far for biking to be practical. Readily available electric VTOL would revolutionize rural America. Not much to worry about in terms of air congestion, either.