In PvP battles the two teams are balanced based on how powerful the vehicles are so generally you can do well if you are a skilled player. Its similar to War Thunder in that you can get far with skill and even beat some paying players despite them having an advantage if you are experienced enough.
No it is not p2w at all people you get to play with have car points close to you car points increase if the car gets better you can see it in the leaderboard at the start of the game.
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Every game has some quests for which you will receive Soul Gems.
You can exchange your Soul Gems for Steam Wallet top-ups, game keys, CS:GO Skins and other rewards.
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Is this game p2w?