As Joss says, this has been discussed countless times and, yes, APs have risen phenomenally in recent years. Many cars now have APs that are at least double what they were just a few years ago.
Motability were telling the Dealer Principals of some of their biggest dealerships last year that the main cause of APs increasing was down to concerns over the poor residual values of EVs. As Motability are under pressure to push EVs, and have been for some time, this has become a major issue and, as a result, APs have risen across the board for ALL customers in order to attempt to cover it. There’s no sign of second hand EV values improving, so this upward trend in APs is likely to continue.