With Porsche having just released its second fully electric vehicle engine, the unveiling comes as EV sales are hitting a decline. Market researchers say the luxury carmaker’s Taycan EV is experiencing poor sales. This has also forced the company to slow its full EV plan.
Porsche ignores hydrogen cars
Amid the slow sales of electric vehicles, Porsche is considering cutting down on its full electric vehicles and the company is also deciding to keep its internal combustion alive for a longer period.
Having just unveiled its second fully electric vehicle, the Macan EV, it is reported that overall sales of EVs in the market have seen a decline, especially Porsche’s other EV, the Taycan.
According to TorqueSport, the publication reports that Porsche CFO Lutz Meschke recently explained to Auto News Europe about their future plans.
“We are currently looking at the possibility of the originally planned all-electric vehicles having a hybrid drive or a combustion engine,” said Meschke.
“We are currently in the middle of making conceptual decisions. What is clear is that we are sticking with the combustion engine for much longer.”
While the market is expecting the arrival of the all-electric 718 models, it remains unclear if Porsche will release hybrid versions of the Boxster and Cayman.
Meanwhile, the German carmaker recently announced plans for an all-electric three-row SUV, which is built on a new platform.
The Moment understands that this new SUV could get a hybrid version, but the market must wait and see. The company headquartered in Stuttgart, Germany, also recently unveiled a hybrid powertrain for the 911, but a fully electric version isn’t expected anytime soon.
It is also reported that the car manufacturer is also expected to release a Cayenne EV.
Porsche to consider gas engines for EV cars
Motor1 highlights that Porsche has realized the need for gas cars and the company admitted that the EV adoption isn’t going as planned.
As Adrian Padeanu writes, “Indeed, sales of the fully electric Taycan sedan/wagon duo are down by a whopping 50% globally through the third quarter of 2024.
“Automotive News Europe now quotes the company’s Chief Financial Officer saying the new plan is to “react in our product cycle” by continuing investments in combustion engines.”
Meanwhile, the publication quoted the company’s CFO, Meschke saying Porsche will be pouring money into gas engines for the Cayenne and Panamera.
As already announced, the V-8 is sticking around for the long haul as it will live to see 20203s, at least in the SUV. Interestingly, the CFO went a step further and admitted that future models initially conceived as EVs might spawn derivatives with ICE power:
While the CFO confirmed that they are conceptualising several decisions or moves, the car publication believes that’s easier said than done considering upcoming models are all expected to ride on a dedicated electric car platform.
Car reviews on Porsche
The car magazine, motor1.com continues to share their views on the German manufacturer, adding that of course, the market wants the next-generation 718 lineup to still have gas engines.
The current Boxster and Cayman models will be phased out by the end of 2025 when their EV replacements are scheduled to arrive.
“Development is largely finished by now, so we’re circumspect about the prospects of seeing a gas engine. The sports car segment is small, so the math might not work out in the ICE 718’s favor,” added the car magazine.
“We reckon the fullsize, three-row SUV known by its “K1” codename is a potential candidate. The luxobarge will slot above the Cayenne once it arrives in the second half of the decade. For now, it’s an EV-only product, but given the CFO’s statement, that could change.”
In conclusion, the electrification process has already started with the new hybrid GTS and it will be followed by the Turbo which will also be a hybrid in 2025.