Electric cars: Porsche targets 80 percent of its production by 2030

Porsche announced its electrification plans with the publication of its financial results.


Luxury sports car maker Porsche has announced its plans and set a more ambitious sales target for electric vehicles .

Porsche CEO Oliver Blume, during the car group’s annual press conference, indicates that more than 80 percent of the company’s vehicles will be fully electric by 2030 .

Porsche also stuck to its long-term target of an operating margin of at least 15 percent , chief financial officer Lutz Meschke said.

Growth of electric cars

After launching the Taycan and seeing great public interest in its electric car , Porsche set a goal of “50 percent of its sales being electric by 2025”. However, the manufacturer specified that this includes both its electric and hybrid vehicles.

Porsche delivered more than 41,000 Taycan electric vehicles and even more sold globally than the Porsche 911 last year. “We are stepping up our electric offensive with another model: By the middle of the decade, we want to offer our mid-engine 718 sports car exclusively in an all-electric form.”

Seeing what the Taycan hit, Blume is now updating the target to 80 percent by 2030: “By 2030, the proportion of all new vehicles with fully electric drive should be over 80 percent.”