Next-gen Porsche 718 to be fully electric – 80% sales to be EVs by 2030



Are you a fan of the current Porsche 718 or the boxer engines? If your answer to either of that is “yes”, then perhaps it’s time to hurry up and save up, because you might not have long to buy one any more.

In an online press conference on Friday, Porsche Chairman of the Executive Board Oliver Blume confirmed that the next-generation Porsche 718 models will become fully electric, and we’ll see it as soon as 2025.

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“The Taycan is 100% a Porsche and inspires all kinds of people – existing and new customers, experts and the trade media,” said Blume. “We are stepping up our electric offensive with another model: By the middle of the decade, we want to offer our mid-engine 718 sports car exclusively in an all-electric form.”

In addition to the new fully-electric 718, Porsche also said that it’s targetting for 50% of its sales to come from electrified models (EVs, PHEVs), and in 2030, “the share of all new vehicles with an all-electric drive should be more than 80%”.

The announcement came after the company revealed its sales performance for 2021, where it sold 301,915 vehicles to customers worldwide, making it the first time the company has exceeded the 300,000 mark in its history.

Among that figure, the SUVs leaded the pack with 88,362 units for the Macan and 83,071 for the Cayenne, while the Taycan more than doubled its sales last year with 41,296 units delivered. That means it’s now even more popular than the Porsche 911, despite the latter also setting a new sales record with 38,464 units delivered.

With the new sales record, Porsche has also generated an operating profit of 5.3 billion Euros, or 27% higher than the previous year, making it the most profitable car manufacturer in the world with an operating return on sales of 16%.

Moving forward, the company has also announced that it will be investing in premium charging stations together with partners, as well as its own charging infrastructure that will be exclusive to Porsche owners.

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“Further extensive investments are flowing into core technologies such as battery systems and module production. In the newly founded Cellforce Group, high-performance battery cells are being developed and produced that are expected to be ready for series production by 2024,” the company added.