Sunday, August 4, 2024

ICYMI: "Porsche scales back 80% EV goal by 2030 amid falling sales, shifting market"

There might be some collectors-value in a few of the Porsche offerings.

From Electrek, July 22:

Porsche is backing off its goal of 80% EV sales in 2030. Although it could still happen, Porsche said the target was too ambitious and the transition “will take longer than we assumed.”

Despite several highly-anticipated electric vehicles launching over the next few years, Porsche is no longer committing to its 80% EV sales goal in 2030. 

The company said in a statement Monday that it could still hit its target, but only if the market allows it. “The transition to electric vehicles will take longer than we assumed five years ago,” the statement said. Instead, sales will be determined by demand.

Porsche reiterated, “Our product strategy is set up such that we could deliver over 80% of our vehicles as all electric in 2030.” However, that will depend on customer demand.

Porsche is the latest automaker to push back or abandon an EV initiative. Ford, GM, Mercedes-Benz, and several others have made similar comments, mentioning “slower-than-expected” demand.

The comments come after Porsche’s EV sales fell 51% in the first half of 2024 ahead of new model launches. Despite this, CEO Oliver Blume expressed confidence with the “most powerful range” in Porsche history rolling out....

....MUCH MORE