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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AI, Cars and What’s Real Anymore? Bond, Bots and the Lotus That Refuses to Die

Reality is now optional; cars feel increasingly fictional; James Bond belongs to Amazon; and the Lotus Esprit has returned to mess with our heads

Somewhere between the fifth AI-generated video you didn’t trust and the third car launch you instantly forgot, it dawned on us: we might be living in the uncanny valley… and it’s a charged congestion zone!

That unsettling sense of digital déjà vu is where this latest BCG Podcast begins. I’m joined by Sy from Drivers Union, and together we tumble headfirst into a bonkers tangled conversation about AI, cars, car culture, Bond, books, events, identity and the creeping suspicion that none of us quite know what’s real anymore – including ourselves.

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CHINESE: From Copycats to Kings

How China Conquered the Car World – and they’re not done yet, they’re getting more ships!

Somewhere between the mockery and the memes, between jokes about “Range Rover rip-offs” and “plastic dashboards”, something rather extraordinary happened. The Chinese car industry grew up – fast. And now, while the West was busy sniggering, Beijing’s automakers quietly built an empire. An empire of design studios, R&D centres, global shipping fleets, and production hubs from Brazil to Budapest. Once dismissed as cheap copycats, China’s carmakers have now become the innovators – the disruptors – the ones pushing the boundaries of electric mobility, tech integration, and even automotive engineering itself.

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