Porsche increases EV targets, confirms 911 hybrid sports car

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Porsche increases EV targets, confirms 911 hybrid sports car
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Porsche on Friday announced it expects 80% of its global sales to be all-electric vehicles by 2030.

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

Porsche reports nearly 40% of Porsche vehicles sold in Europe were all-electric or plug-in hybrids vehicles, or PHEVs. Porsche currently offers two PHEVs, which are viewed by many as a short-term, transitional technology before all-electric vehicles. Porsche's plans are unique among global carmakers in the fact that it doesn't plan to completely give up on vehicles with traditional internal combustion engines. Specifically, for its 911 sports car, which is considered among the best "driver's cars" in the world.

Porsche announced a roughly $24 million investment in the development of "e-fuels," which officials say is a climate-neutral fuel to replace gasoline in nonelectric vehicles.The new EV plans were announced in connection to Porsche, which announced a preliminary agreement last month to be spun off from VW into a public company, announcing its 2021 financial results.

Porsche reported new records in both sales revenue and operating profit. Sales in 2021 were 33.1 billion euros , up 4.4 billion euros from 2020. Porsche's operating profit last year increased by 27% to 5.3 billion euros compared to 2020.

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