Home / Total Loss Articles / Total Loss Blog / A Glimpse Into Porsche’s EVs Future

A Glimpse Into Porsche’s EVs Future

A Glimpse Into Porsche's EVs Future-min

A Glimpse Into Porsche’s EVs Future (PDF)

In 2024, Porsche will release an electric Macan, the first of several new electric models.

Red Porsche Taycan_resized-min

There are plenty of reasons for Porsche to be excited about 2023. The carmaker’s synthetic e-fuels program appears to be progressing nicely, and the company reported strong earnings and revenue last year. A high-end electric SUV was confirmed in previous rumors as part of Porsche’s EV release roadmap.

Electrifying the Cayenne – Porsche’s best-selling vehicle – is Porsche’s next step after electrifying the small SUVs and sports cars. Above the Cayenne, a much-rumored flagship electric vehicle will boast an impressive 920-volt electrical architecture and a novel battery design. A Porsche-developed SSP Sport Platform will power it, and it will have automated driving capabilities as well as high performance.

According to the automaker, the SUV will use some lessons and technologies it developed with the Mission R electric concept, and production will begin in the middle of the decade.

In spite of the economic and social turmoil of the last few years, Porsche has weathered the storm better than many other high-end automakers. Porsche’s buyers aren’t as affected by inflation and recession as other high-end manufacturers.

In order for Porsche to reach its goal of shifting 80% of new vehicle sales to electric vehicles, new EVs will be needed. Although supply chain issues remain a stumbling block, sales of its first EV, the Taycan, have been strong. More than 11% of Porsche’s total sales volume came from electric vehicles in 2022, a significant improvement over 2021.

The Taycan was an early entrant in the ultra-high-end EV space, but it now faces competition from all corners of the automotive market. Lucid, Mercedes-Benz, Audi, BMW, Genesis, and others are all offering new electric models. Despite the lack of the brutal performance of the Taycan, there are plenty of compelling rivals. While Porsche’s move into electric sports cars will also make it a pioneer, it is unlikely that this early-mover advantage will last.

 

Subscribe to Our Newsletter

Access, first-hand, our main posts directly in your email.

Appraiser Blog

Related Posts

What Is Actual Cash Value in Insurance Claims?

When your car is declared a total loss, the term “actual cash value” (ACV) becomes critical. But what does it really mean, and how does it impact what your insurance company will pay? In this article, you’ll learn what ACV is, how insurers calculate it, the difference between ACV and

Read More >

How to Stop Storage Fees from Cutting Your Total Loss

When your car is declared a total loss, storage fees can quietly eat away at your settlement. Tow yards and repair shops typically charge daily for keeping your vehicle. If your insurance company delays processing the claim, those fees can accumulate fast and reduce the amount you ultimately receive. By

Read More >

Why Total Loss Settlements Are Tougher in No-Fault States

No-fault insurance is designed to simplify accident claims. Instead of pursuing the at-fault driver, each party files with their own insurance company for basic medical and property damage coverage. While this may reduce legal disputes, it also limits your ability to go after the person who caused the accident. That

Read More >