Porsche doubles investment in e-mobility

German luxury car brand Porsche will ramp up its investment in electric mobility to 6 billion euros by 2022, Frankfurter Allgemeine Zeitung reports. The carmaker previously put aside about 3 billion euros for the development of e-cars but now plans to double that figure to develop both new hybrid and purely electric vehicles, the article says. Porsche’s Mission E, its first electric car, is scheduled for release in late 2019, but Porsche CEO Oliver Blume says this does not spell the end for the Porsche cars with combustion engines. “There will also be very pure Porsche sports cars with combustion engines in the future,” Blume said, adding that diesel cars will also remain part of Porsche’s product portfolio.

Find the article in German here. 

See the CLEW factsheet on Porsche’s parent company VW’s plans for e-mobility for more information.