Exactly. If you look at YouTube bitrate for a 1080p video, it's 8mbps, which is 1.67% of the theoretical max data rate of USB2 (480mbps), so there's more than enough bandwidth for CarPlay.
My Prius has wired carplay (which makes the Qi charger seem absurd, although as it turns out the Qi charger doesn’t work most of the time), so I bought a $50 box that plugs into the USB port and gives me wireless carplay.
I got a generic "ATOTO" one that was on sale. I had to upgrade the firmware since there was some audio stutter after about 15 minutes, but after that it's been just as stable as wired CarPlay for me.
As far as "not very polished UX", after connecting it's been nothing but the standard CarPlay interface. The instructions say there's a web UI accessible via wifi where you can install updates or change configuration but I had no need to use it. Just connect with Bluetooth, wait a second, and accept the "Connect to CarPlay" popup.
Carplay? Or is a cable optional for that? IIRC it was sending some data over the cable because I get promoted for carplay stuff after plugging it in.