No, I bought a dongle on Amazon that I use for my M1 Air for $60. It takes up both USB-C ports, but it handles power, can do 4K@60Hz HDMI (only for 1 display though), has an SD card reader, a few USB-A ports, and maybe another USB-C port. More ports than I’ve ever had to use. The read/write speeds aren’t best in class, but it was only $60.
It’s nice to only have to unplug one thing to be able to take my laptop somewhere, and I like the 2 port design more than I thought I would.