Are Electric Vehicles Ever Going to Be Collectible? (Maybe Electric Exotics?) by Mike Thies

Rimac Nevera

The automotive world has always cherished collectible cars, from classic muscle cars to vintage European models. However, as the industry shifts toward electric vehicles (EVs), a new question arises: are EVs, particularly electric exotics, ever going to be collectible?

Electric vehicles have come a long way since their inception in the late 19th century. It wasn't until the early 21st century that EVs began to gain significant traction, thanks to companies like Tesla. Today, nearly every major automaker has an EV in its lineup, and the push for sustainable transportation is stronger than ever.

What Makes a Car Collectible?  Several factors contribute to a car's collectibility. Historical significance plays a crucial role; cars that mark pivotal moments in automotive history tend to become highly sought after. Technological innovation is another key factor, as vehicles featuring groundbreaking technology for their time are often prized. Design and aesthetics also enhance a vehicle's desirability, with iconic designs, unique features, and limited production runs being particularly valued. Rarity and exclusivity further contribute to a car's collectible status, as limited production numbers and special editions make these vehicles more desirable. Finally, cultural impact is significant; cars that gain a substantial following or represent cultural milestones often become collectibles.

Electric exotics, such as the Tesla Roadster, Rimac C Two, and Porsche Taycan, represent the beginning of a major shift in how we think about and use automobiles. These models are pioneers in the electric age, showcasing that high-performance and luxury can coexist with sustainability. As the first of their kind, they hold a special place in automotive history, which could enhance their future collectibility.

Electric exotics are at the forefront of technological innovation. The Tesla Model S Plaid, for example, boasts record-breaking acceleration and advanced autonomous driving features. The Rimac C Two and Lotus Evija push the boundaries of electric performance, with blistering speed and cutting-edge battery technology. As technology evolves, these early models that introduced such innovations may become highly valued.

Electric exotics often feature striking designs that stand out. The BMW i8, with its futuristic look and gull-wing doors, and the sleek, aerodynamic lines of the Audi e-tron GT are prime examples. Limited edition models or those with unique design elements may become collectible due to their rarity and visual appeal.

Many electric exotics are produced in limited numbers, adding to their exclusivity. For instance, the Rimac C Two is limited to 150 units, and the Lotus Evija to just 130. This rarity can make these vehicles highly desirable to collectors who value exclusivity.

As society places greater value on sustainability, owning an early electric exotic might be seen as both a status symbol and a commitment to environmental responsibility. This shift in values could drive demand for early electric exotics, especially those that were ahead of their time in terms of efficiency and innovation.

Despite their potential, there are challenges to the collectibility of electric exotics. One significant concern is the longevity of the technology. EVs rely heavily on batteries and software, which can become outdated or degraded over time. The cost and availability of replacement parts, particularly batteries, could pose a problem for future collectors.

Additionally, the rapid pace of technological advancement means that newer models quickly surpass older ones in terms of performance and features. This constant evolution could make it harder for any single model to stand out as truly collectible.

While predicting the future with certainty is challenging, several factors suggest that electric exotics have the potential to become collectible. Their historical significance, technological innovations, striking designs, rarity, and alignment with environmental values all contribute to their appeal. However, challenges related to technology and longevity remain.

As the automotive landscape continues to evolve, it will be fascinating to see which electric exotics stand the test of time and capture the imagination of future collectors. Whether you're an enthusiast looking to invest or simply curious about the future of automotive collectibles, the world of electric vehicles is one to watch.