My understanding is that modern engines are
a) non-interference (therefore belt failure not an engine wrecker)
b) chain equipped (therefore more longevity)
However, the comparison bicycle drive belts with car timing belts is not a valid one. My car runs at thousands of rpm for tens of thousands of miles using huge amounts of power. My legs run at tens of rpm for relatively few miles and their power is feeble (I admit it).
What is more, car timing chains are protected from the elements and probably superbly lubricated all the time. Bicycle chains are inadequately lubricated and thanks to oil, pick up all the crud going. They live in total squalor.
Anyway, I have now been out for several spins on the new machine and can say it is a great ride. My only criticism being that the straight handle bars are too wide. I must find my pipe cutter.