Cars
Porsche Doubles Target for Deliveries of Electric Cars by 2025
- Hybrid, battery models seen comprising 50% of brand’s sales
- China’s role in market to bolster demand, executive says
Porsche set one of the industry’s most aggressive targets for selling plug-in hybrid and battery-powered cars, predicting the vehicles will make up as many as half of its deliveries by 2025 in a sign the shift to electric models is speeding up.
The Volkswagen AG luxury brand is readying the all-electric Mission E sports car for sale next year, and has pledged to add variants such as a four-door Cross Turismo concept that it showed in March. Porsche is now comfortable setting a goal for electrified models to comprise 50 percent of sales, double the figure predicted last month, as wider offerings and Chinese policies power demand, division sales chief Detlev von Platen said Wednesday.