An all-electric model of the Porsche Cayenne SUV is about to be unveiled later this yr, in line with CEO Oliver Blume. This announcement got here throughout a Q&A session after the automaker launched its monetary outcomes for 2024.
Blume said, “We’re going to current it to the world for the primary time on the finish of the yr.” He talked about that this reveal would happen on the West Coast.
Porsche confirmed the event of the electrical Cayenne practically two years in the past, though discussions about its inclusion within the product lineup had occurred previous to that. Just like the smaller electrical Macan, the electrical Cayenne will retain the title related to the present gasoline and plug-in hybrid variations, however it’s anticipated to be constructed on a devoted EV platform.
The present gasoline and plug-in hybrid fashions will proceed to be obtainable alongside the electrical Cayenne for the rest of the last decade, doubtlessly into the 2030s. This technique mirrors that of the electrical Macan, which continues to be supplied alongside older gasoline fashions for now.
Nonetheless, Porsche has revised its electrification targets, citing slower-than-anticipated EV gross sales. The corporate initially aimed for 50% of its international gross sales to come back from EVs and plug-in hybrids by this yr and had plans to section out gasoline automobile manufacturing by 2026, starting with the discontinuation of the gasoline Macan, in addition to the 718 Boxster and Cayman sports activities vehicles, with the expectation of reaching 80% EV gross sales by 2030.
Lately, Porsche has indicated that it’s going to prolong its growth of combustion engines longer than initially deliberate. For 2024, the automaker reported that 27% of its gross sales have been from EVs and plug-in hybrids, projecting that these fashions will account for 33%-35% of world gross sales in 2025, with all-electric automobiles making up 20%-22%.
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