Yes but for my family of 4 it would cost me 4612= 288$ per year! That's about 50% of my yearly unlimited fiber internet access (that also come with a free email).
For me that's the last nail in the coffin, will make sure in the future to keep away from all Google product (private or professional).
What is strange is how in a few year Google went from the cool company where everybody wanted to work to something that can almost be compared to a tobacco company.
In my case it won't, because, of course, it's all backed up locally. This Google outfit can be pretty sketchy at times - needed to make sure they didn't close down and take my stuff.
That product is still free at other providers. We'll just be moving.