Relatively cheap electric fatbikes like [1] are currently very popular in Italy, as far as I have seen on a recent holiday:
[1] https://elettrica-bike.it/en/product/fat-bike-vulcano-s-tipe...
[1] https://elettrica-bike.it/en/product/fat-bike-vulcano-s-tipe...
A fat tire can stand in for a shock, but "cheap" bikes don't usually fit 3" of rubber either.