Wyze Cam Pan v2 can see color in varying levels of darkness. If you enable the Dusk setting, the v3 will switch the view from color to black and white, and turn on IR LED lights, when the environment has low light. If you enable the Dark setting, Wyze Cam Pan v2 will only switch when the environment has extremely low light.
To find this feature in the Wyze app, tap on the name of your camera to open the live stream. Tap the Settings icon in the top right corner. Tap Advanced Settings > Night Vision Conditions > Dusk/Dark Toggle.