Billionaires Have Rejected Electric Cars. Here’s Why Luxury EVs Are Tanking

The people who can afford anything appear to be choosing something else

A funny thing has happened on the road to electrification. Along the way, someone assumed that the future of luxury motoring would be silent, seamless and battery powered, that the world’s wealthiest buyers would lead the charge into a brave new era of zero-emissions indulgence, and that once the millionaires and billionaires embraced electric cars, the rest of us would naturally follow faithfully in their tyre tracks. It sounded plausible enough. After all, if anyone could afford the latest technology, it would be the people who think nothing of dropping the price of a semi-detached house on a weekend toy.

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Lotus RESET Again! Have They Finally Learned?

Lotus says its new “Focus 2030” plan marks a fresh start for the iconic British sports car brand, but after years of chasing EV luxury trends, has the company finally remembered what Lotus is really all about?

There was a time when hearing the word “Lotus” instantly conjured up images of lightweight sports cars dancing down B-roads with the delicacy of a hummingbird. Tiny steering wheels writhing in your hands. Barely-there kerb weights. Fibreglass bodies. A driving experience so pure and alive that you could forgive the occasional electrical tantrum, water leak, or trim piece that decided it no longer wished to participate in the journey – because the journey itself was epic (and that’s just to the shops!).

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