As I was installing the subpanel for my electric car charging station, I called the PoCo (rural co-op) out to assess my infrastructure. My home was built in 1991. I had 200 amp service provided on 2/0 AL cable from a 15 kVA pad-mounted transformer (sole home on the transformer). According to PoCo models and records, there were times I was drawing nearly 200% of the rated load of the transformer. They asked me if I had any dimming of lights or noticed anything out of the ordinary -- and I hadn't.
When I told them I was adding an 80A continuous charging load for the car, they agreed they should replace the transformer, drop, and meter. They put in a 37.5 kVA transformer, 350 kcmil compact conductor feed, and a 320/400 meter base.
Bottom line: they're permitted to oversubscribe just a bit.

They rely upon you to call them when you add something significant that might cause a problem. I've seen more than 1 installation of a heavy EV charging load cause a transformer to percolate oil.