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Porsche Pulls Back on Full EV Plans
Porsche joins brands like Stellantis & BMW in reconsidering the push to full EVs...
Over recent months, more and more automakers are turning back their plans to move to a fully electrified lineup. A new report from Autoblog notes that Porsche has become the newest automaker to publicly pull back on EV plans.
The brand had previously said that by 2030, 80% of its new car sales would come from full EV models. Rather than saying the brand would not be able to meet these electrification efforts, Porsche noted it would still be able to meet that target if external factors warranted it.
Porsche has struggled with EV sales in 2024 as both American markets cool on EVs and Chinese buyers focus on home-grown brands.
Read the full report from Autoblog here.
