The future of EVs in the collectible cars market, from the Tesla Roadster to BMWs and Ferraris
Publishing timestamp: 2024-03-09 09:00:01
Summary
Despite price reductions in the EV market, early electric and hybrid vehicles are beginning to draw interest from collectors. Factors such as rarity, design, historical significance, power, and beauty play a role in determining collectability. Some recent limited-production models from major automakers are already highly collectible, while others may rise in value in the future. However, making money on collector cars can be difficult, and investing in diversified index funds may be a more profitable option.
Sentiment: NEUTRAL
Keywords: personal saving, investment management, autos, personal finance, tesla inc, business news, general motors co, investment strategy,