Porsche Shoots For 20,000 Electric Car Sales

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According to automobilwoche (Google Translate)

Porsche CEO Oliver Blume expects a great demand for the brand’s first purely electric sports car. Other models could soon be driven with electricity.

Mission E: The electric car from Porsche is only the start for other power cars of the sports car brand. (Photo: Porsche)

Munich. Porsche expects its first purely electric model with a great demand. “We have calculated the mission E with a piece of the order of about 20,000,” said Porsche CEO Oliver Blume of the Automobile Week. In comparison, last year the Porsche 911 sold 31,350 units worldwide. The mission E is to be launched in the year 2019 and has a range of 500 kilometers. The four-seater will be built at the Stuttgart headquarters in Zuffenhasen

The announcement shows just how much pressure Tesla (NASDAQ: TSLA) has in the year ahead. It is not th only competitor in the high end of the electric car business. Among others Merdecedes and BMW have ambitious plans

GM (NYSE: GM) has started to sell the Chevy Bolt, aimed at a much lower end of the market. However, if it is successful, it is not hard to imagine that the same tech could be put into Cadillac