Porsche wants 80% of the cars it sells in 2030 to be fully electric

On Friday, Porsche announced its results from the past fiscal year. The German luxury sports car manufacturer made €33.1 billion, up 15% of the previous year’s sales (€28.7 billion). It also saw a 27% increase YoY in operating profit, which was €5.3 billion. Posrche also delivered the strongest numbers in the company’s history, with a total of 301,915 cars worldwide during fiscal 2021.

Porsche’s EV offering, the Taycan, sold more than twice as many as the year before (41,296) outselling the 911, which shipped 38,464 units. Posrche expects to release another EV in 2025, when it expects to release a new version of the mid-engine that will be exclusively electric.

Porsche notes that by 2025, “half of all Porsche sales are expected to come from the sale of electric vehicles – i.e. all-electric or plug-in hybrid,” Meanwhile, the company expects that more than 80% of new Porsche vehicles sold will have an all-electric drive.

Porsche also announces that it will invest in “premium charging stations” both with partners and on its own charging infrastructure. Additionally, Cellforce Group, one a joint venture between Porsche and Customcells, is developing high-performance battery cells that could be ready for series production starting sometime in 2024.

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