China's electric car industry is booming, but a surge of new models has sparked a price war. To survive, Chinese automakers like GAC and BYD must compete on price and innovation, investing in technology partnerships and localizing production outside of China. Meanwhile, foreign manufacturers face challenges in navigating China's competitive market and regulatory scrutiny from other countries concerned about the impact of Chinese EVs on their industries.
As electric and hybrid car prices fall, older EVs and hybrids are becoming collectible. Collectibility factors include rarity, design, performance, and historical significance. Notable models include the Tesla Roadster, BMW i8, and Volkswagen XL1. While EV technology advances, older models retain value due to nostalgia and history. Challenges include limited battery life, evolving charging technology, and potential maintenance difficulties. Collectors should pursue passions but be mindful that financial gains on collector vehicles are not guaranteed.
