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Porsche has set an ambitious target and recently announced that it aims to be carbon neutral by 2030.

In the past fiscal year, nearly 40 percent of all new Porsche vehicles delivered to Europe were already at least partially electric. By 2025, half of all new Porsche sales are expected to come from the sale of electric vehicles – i.e. fully electric or plug-in hybrid,” announced Oliver Blume, Chairman of the Board of Management of Porsche AG. “By 2030, the share of all new vehicles with a fully electric drive should exceed 80 percent.”

Porsche AG has solidified its position as one of the world’s most profitable car manufacturers. The Stuttgart-based sports car manufacturer reached a new record in both sales and operating profit. Revenue in 2021 was €33.1 billion, €4.4 billion more than in the previous year, a growth of 15 percent. Porsche thus achieved an operational return on sales of 16.0 percent.

“Our positive operating result is based on courageous, innovative and forward-looking decisions. Our industry is probably going through the biggest transformation in its history,” said Blume. “We have mapped out a strategic course at an early stage and are operationally robust. This success is teamwork.” Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT, sees the basis for the strong figures in the healthy cost structure of Porsche AG in addition to the attractive product range.

Net cash flow grew by €1.5 billion to €3.7 billion in 2021. “This indicator also provides impressive evidence: Porsche is in an excellent position,” says Lutz Meschke. The positive development is also based on the ambitious 2025 profitability program, which aims to sustainably support profits through new innovations and business models.

Porsche delivered 301,915 vehicles to customers worldwide in 2021, which is more than the number. 300,000 marks for the first time in company history. Delivery figures for the Taycan have more than doubled: 41,296 customers took delivery of the first all-electric Porsche. This even overtook the iconic 911 sports car, although the latter also set a new record with 38,464 units. Further major investments are flowing into core technologies such as battery systems and module manufacturing. The newly established Cellforce Group develops and produces high-quality battery cells that are expected to be ready for series production in 2024.

This post Porsche’s 2030 ambition: More than 80 percent all-electric new vehicles

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