Porsche CEO Oliver Blume has suggested that the German automaker could have a full all-electric lineup by 2030, amid its increased electrification strategy that will see a 6 billion euro investment in e-mobility over the next five years.
Its first full-electric vehicle, the Mission E, is set to be formally launched next year, with plans for other variants of the model, as well as new platforms, also in the pipeline.
When asked when the last Porsche with a combustion engine would be produced, Blume revealed it could be sooner than most would expect.
“ I would venture to predict that, by 2030, the sportiest Porsche will have an electric drive,” he said. “Who knows, maybe by then even our iconic sports car, the 911, will be electric.
“It would be absurd to think that we could do without the combustion engine completely in the foreseeable future. But, equally, we cannot miss the opportunity to invest heavily in electromobility.
“Before we leave petrol or diesel behind, the next decade will see an increase in the parallel use of combustion engines and alternative drives.
“A clear trend is developing, and we will deliver.”
Blume said technical advancements, largely dealing with battery range and the charging infrastructure, will need to be met in order to reach full electrification within the next two decades.
The launch of the pan-European IONITY charging network from Porsche, Audi, BMW, Daimler and Ford, has come as a significant step forward in recent months, although he admitted it’s only “one part” of a larger solution.
“Increasingly strict emission regulations within the EU, which will mean that new cars in 2030 will have to have 30 percent lower emissions than those in 2021, will force you to continue to invest a lot of money in existing technologies and their advancement,” Blume said.
Parent company VW Group will inject 20 billion euros into electric vehicle development by 2030, with more than 50 all-electric models set to hit the market by 2025.
Porsche’s investment, comparatively, is set to be significantly less, although Blume still sees it as a big step for the German manufacturer.
“For a company of our size, that is a considerable expenditure,” he said. “At Porsche’s headquarters in Zuffenhausen, we are spending a billion euros on building a new plant for electric vehicles.
“This is probably the most ambitious and risky project we have ever undertaken. A factory within the factory with 1,200 new jobs.”
Porsche Ready for “New Challenge” in Formula E
Blume said Porsche is ready for its foray into all-electric racing, with its manufacturer entry for the 2019-20 ABB FIA Formula E Championship having been confirmed by the FIA on Tuesday.
It comes following its exit from LMP1 competition in the FIA World Endurance Championship last year, with resources shifting to Formula E.
“We are thus taking on a new challenge but remaining true to our past: for us, motor racing exists to help us build better cars for road use,” Blume said. “Formula E is exactly the same; it is the ultimate laboratory for our electrification strategy.
“The future of the sports car combines our tradition and values with new, sustainable technologies and a very emotional driving experience.
“I can promise that the Mission E will be the sportiest and the most technologically advanced vehicle in its class. E-mobility, Porsche performance and driving enjoyment are not mutually exclusive; for us, they all belong together.”