Cars and Drivers

Porsche Shoots For 20,000 Electric Car Sales

Porsche Cars North America

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

 

Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)

Take the quiz below to get matched with a financial advisor today.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Take the retirement quiz right here.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.