Porsche announces electric cars ambition for 2030

German carmaker plans for majority of vehicles it sells to be EVs by 2030

The Porsche Taycan. The German carmaker has revealed new goals for manufacturing electric vehicles.

The Taycan comes with wide haunches over the rear wheels and a full-width rear tail light

The Turbo uses an electric motor mounted inside each axle, effectively making it all-wheel drive in addition to a two-speed transmission, which is only available on Porsche EVs

The team has managed to keep the centre of gravity lower in the Taycan than in the 911 coupe. Courtesy Porsche

The Porsche Taycan features a lightweight composite body. Courtesy Porsche

The Porsche Taycan Turbo S volt system. Courtesy Porsche

A 25-minute fast charge took it from 9 to 80 per cent battery. Courtesy Porsche

The Porsche Taycan drives and reacts like a regular car. Courtesy Porsche

The all-new Porsche Taycan is the first car released in the UAE that is both fully electric and a luxury sports saloon

The cockpit features a free-standing curved instrument cluster and central, 10.9-inch infotainment display and an optional passenger display combined to form an integrated glass band

By the end of this decade, more than 80 per cent of all vehicles sold by Porsche will be electric, its chief executive Oliver Blume told Bild am Sonntag in an interview on Sunday.

This will include fully electric and hybrid variants, while Porsche will continue to offer its 911 model with internal combustion engines, albeit capable of handling synthetic fuels, he said.

Its current flagship electric vehicle is the Taycan (gallery above) which it unveiled in 2019.

Porsche said earlier that it expected about half of the cars it sells by 2025 to be electric.

Over the next five years, Porsche will invest €15 billion ($18.07bn) in electrification of its vehicles, the newspaper said. Of the company’s fully electric Taycan model, that starts at €80,000, more than 20,000 units were shipped to customers last year, the newspaper said.

Porsche AG also announced that is setting up an assembly plant in Malaysia as it seeks to make the nation its south-east Asian nucleus, the Edge weekly newspaper reported on Saturday, citing unnamed sources.

Porsche will partner with Inokom, a unit of Sime Darby, in the venture, which will be located in the northern state of Kedah, the Edge said. It will be the company's first assembly plant outside Germany, the report said.

The move by Porsche will provide a much-needed boost to Malaysia, which has lagged behind Indonesia and Thailand in securing big investments by global automakers, the report said.

Christian Weiss, Porsche's deputy director of corporate communications, said South-east Asia has great potential and the company is continuously examining options for further growth in this market, the Edge reported.