The lamps I've seen don't use a 1 watt LED, but 3 smaller ones.
MR16 are LV bulbs so nominally 12 volt. But a transformer would probably chuck out rather more than that if not fully loaded. And, of course, it is AC rather than DC. Test show the LED to be drawing the correct current and not getting too hot off 14V DC - the most it should see in the car. So hopefully a cheap and cheerful solution for a non critical application.