The all-electric Porsche Taycan Turbo.

Source: Porsche AG

DETROIT — As the all-electric Porsche Taycan sedan surpasses the German automaker’s iconic 911 sports car, the company is raising its sales targets for EVs. It also plans to roll out a hybrid version of the 911.

Porsche announced Friday that it expects 80% of its global sales to be all-electric vehicles by 2030. combustion engines with battery technologies.

“The future of Porsche is electric,” Porsche CEO Oliver Blume told media during a roundtable discussion.

Blume declined to predict the collapse of the non-all-electric vehicles, citing a “flexible engine strategy” that could include internal combustion engines, hybrids and plug-in hybrids.

The Taycan is Porsche’s first and only fully electric car to date. It represented about 14% of the company’s 301,915 cars sold in 2021. Sales of the Taycan were 41,296, surpassing the 911’s record of 38,464 units.

The company’s next two EVs are expected to be the Macan SUV in 2023, followed by the 718 sports car in 2025. Blume also confirmed that a hybrid version of its 911 sports car is coming, but did not disclose a timeline for its release.

Porsche reports that nearly 40% of Porsche vehicles sold in Europe were all-electric or plug-in hybrid vehicles, or PHEVs. Porsche currently offers two PHEVs, which many see as a temporary transition technology for all-electric vehicles.

Porsche’s plans are unique among global automakers in that it does not plan to completely abandon vehicles with traditional combustion engines. In particular for its 911 sports car, which is considered one of the best “driver’s cars” in the world.

Porsche announced an investment of about $24 million in the development of “e-fuels,” which officials say are a carbon neutral fuel to replace gasoline in non-electric vehicles.

Read more about electric vehicles from CNBC Pro

Blume described e-fuels as “an ideal complement” to EVs.

The new EV plans were announced in connection with Porsche, which last month announced a preliminary agreement to split from VW into a publicly traded company, announcing its 2021 financial results.

Porsche reported new records in both sales and operating profit. Revenue in 2021 was 33.1 billion euros ($36.7 billion), an increase of 4.4 billion euros ($4.9 billion) from 2020. Porsche’s operating profit rose 27% to 5 percent last year. .3 billion euros ($5.9 billion) compared to 2020.


This post Porsche raises EV targets, confirms 911 hybrid sports car was original published at “https://www.cnbc.com/2022/03/18/porsche-increases-ev-targets-confirms-911-hybrid-sports-car.html”

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