Porsche Taycan Turbo S (Image: Porsche)

Porsche Says Its EVs Will Soon Be More Profitable Than Its Gas-Powered Cars

Porsche expects that, within two years, its electric cars will be as profitable as its conventional cars, and that within five years, its electric cars will prove even more profitable. Speaking at the company’s capital markets day, chief financial officer Lutz Meschke said that Porsche expects the margins on electric cars will equal and then

Porsche changes its mind on electric vehicles, plans 50% of its production to be electric within 6 years

It wasn’t long ago that Porsche claimed all-electric powertrains didn’t offer enough performance to reach the level that their customers expect from the premium German brand. As their work on their first all-electric vehicle progresses, they are now changing their view on the technology and CEO Oliver Blume now says that he expects half of Porsche’s