If you didn’t know already, the Rimac Nevera is a 1,914bhp electric ultracar costing $2.4M. The Nevera is limited to just 150 production units, only 50 per year will be built. Production allocation for the first year is already sold out. Clearly, there are a lot of pandemic-enriched millionaires who have a lot of money to burn. A car such as the Rimac Nevera is as much of an investment as it is a rich person’s plaything. The irony is future owners of the Nevera will probably drive such a car less than 1,000 miles before storing it away in a secure location.

Because the Nevera is limited to a small production batch, its rarity alone will increase in value. That being said, the Nevera is an ultracar and the technology that powers it has been pushed to the limit. Therefore it is the ultimate expression of current EV technology much in the same way as a Formula 1 V6 Hybrid is the ultimate expression of current engine technology.

The technology developed for the Nevera will filter down the value chain and be sold to automakers. You will never get a 1,914bhp Skoda Octavia EV. But that future Skoda EV could get a more efficient energy recycling mode. Anyway, Nevera production will be based at Rimac’s production facility in Croatia. A new facility is currently being constructed near Zagreb.

Nevera build time takes approximately five weeks, 90 percent of the car’s components were developed in-house. Rimac developed the infotainment system, controls systems, inverter, gearbox and battery system from the ground up. These Rimac developed technologies will eventually be sold as components to the wider automotive industry.

Over the course of the Nevera’s five-year development process, Rimac redesigned the powertrain three times. The Nevera uses four electric motors, one for each wheel and although full performance figures are yet to be released, we think a 1,914bhp sports ultracar will have more than enough performance to last a lifetime.