Why is million miles driven a better way to model it than billion miles driven, for example? If you happen to choose that, there clearly isn't anywhere near enough data.
I'm honestly curious how one models this type of thing statistically, and I am not convinced enough of its obviousness to just accept numbers that someone throws around.
For an exaggerated example, if Tesla had driven a billion miles and had 0 fires, you shouldn't say that there's not enough data - you definitely would have enough data to say that the chance of fire is below the gas-car rate of 5 fires per 100 million miles.