Say goodbye to Porsche as you know it: the company will invest more than six billion euros in electromobility

The combustion engine is tending to disappear due to the strong adoption of hybrid and electric powertrains, something that manufacturers are demonstrating with their latest models. One of the firms most involved in electrification is Porsche, whose latest supercars have turned to hybrid engines in order to achieve unimaginable figures. However, the German brand has not wanted to stop there, as we can see from its latest announcement: Porsche will invest more than six billion euros in electromobility.

This considerable sum of money will cover all of Porsche’s projects up to the year 2022, the date by which batteries are expected to dominate the automotive market and, consequently, also Porsche’s models. The brand intends that during that period its range of vehicles will consist of 100% electric and plug-in hybrid vehicles, something that will help Porsche maintain a commitment to the environment without giving up supercar-level performance.

The company will focus mainly on the development of its future model, the Porsche Mission E. In fact, 500 million euros will go towards developing this model and any derivatives it may have, which would share its platform and mechanics. But Porsche needs other elements to carry out its electromobility proposal, so much of the money raised will be spent in other areas, which will contribute to offering great connectivity.

Specifically, Porsche plans to build fast-charging stations across Europe, so that the company’s electric vehicle customers can hit the road without fear of running out of power. Porsche has set itself the goal of installing up to 400 stations by the year 2020, distributed across the main traffic hubs. Another important novelty is that Porsche dealerships will have a charging system, making it easier to find charging stations for electric vehicles.

“We are going to double our spending on electromobility from around three billion euros to more than six billion,” explains Oliver Blume, Chairman of the Executive Board of Porsche AG. “With this decision, together with the development of our combustion-engine models, we are laying an important path for the future.”

The future will be dominated by this type of vehicle and Porsche is a visionary in this respect. At the same time, much of the budget will be spent on building new plants, infrastructure and smart mobility, so that its future vehicles have an unprecedented technological level. On the other hand, hybrid vehicles are also enjoying great acceptance in Europe, and it is among Porsche’s plans for that to continue in 2022.

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HatchbackPorsche Taycan22 versions · from 106,252 €