Nope. It seems durable. I got the black carbon wrap. So far I can't say it needs to be coated. If you are concerned about that, consider 3M. You'll pay a bit more but quality should match the price.
At least on the first gens, there are 4 plastic clips you squeeze together with a needle nose pliers, then it pulls right up. I pulled my shifter plate out a couple weeks ago, but had to drive the car, so put it back together.
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