Porsche plans to end Taycan production by 2030
Porsche intends to wrap up production of the Taycan electric sports car by 2030. This decision marks a sharp shift in the luxury brand's long-term electric vehicle strategy.
The car entered series production in 2019 and enjoyed high initial demand. Recent sales data shows a significant cooling in interest, forcing a change in direction 📉. Even after management signaled the model had a secure future just 1 month ago, the current roadmap now shows a hard stop.
The company has officially abandoned plans to shift manufacturing facilities from Stuttgart to Leipzig. This move contrasts with the company's earlier growth targets for the platform.
#Porsche #autoindustry #electricvehicles
Motor1
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Porsche intends to wrap up production of the Taycan electric sports car by 2030. This decision marks a sharp shift in the luxury brand's long-term electric vehicle strategy.
The car entered series production in 2019 and enjoyed high initial demand. Recent sales data shows a significant cooling in interest, forcing a change in direction 📉. Even after management signaled the model had a secure future just 1 month ago, the current roadmap now shows a hard stop.
The company has officially abandoned plans to shift manufacturing facilities from Stuttgart to Leipzig. This move contrasts with the company's earlier growth targets for the platform.
Sometimes even the best engineering cannot outrun changing market reality.
#Porsche #autoindustry #electricvehicles
Motor1
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Hyundai Plans 100+ New Models by 2030
Hyundai Motor Company, including its luxury brand Genesis, is planning a major update to its lineup, with plans to release more than 100 new or updated vehicles by 2030.
The strategy includes a shift toward range-extender electric vehicles, or EREVs. Think of these as electric cars with a built-in gas generator. You drive on battery power like a standard EV, but when the power runs low, a small gas engine kicks in to keep the battery charged. This engine does not turn the wheels directly; it simply helps you go further without needing to stop at a charging station.
🔹 The first EREV models are scheduled to hit the market next year.
🔹 The group is targeting a total annual sales figure of 5.55 million vehicles.
🔹 By 2030, electrified passenger vehicles are expected to account for 60 percent of their global portfolio.
This move marks a shift from their previous focus, which prioritized pure battery-electric platforms. It mirrors the approach taken by competitors like Stellantis, which is already deploying similar range-extender technology in vehicles like the Ram 1500 Ramcharger to bridge the gap for drivers worried about charging access.
Giving drivers more flexibility is a smart play for the transition to electric.
#Hyundai #AutoIndustry #ElectricVehicles
Electrive
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Hyundai Motor Company, including its luxury brand Genesis, is planning a major update to its lineup, with plans to release more than 100 new or updated vehicles by 2030.
The strategy includes a shift toward range-extender electric vehicles, or EREVs. Think of these as electric cars with a built-in gas generator. You drive on battery power like a standard EV, but when the power runs low, a small gas engine kicks in to keep the battery charged. This engine does not turn the wheels directly; it simply helps you go further without needing to stop at a charging station.
🔹 The first EREV models are scheduled to hit the market next year.
🔹 The group is targeting a total annual sales figure of 5.55 million vehicles.
🔹 By 2030, electrified passenger vehicles are expected to account for 60 percent of their global portfolio.
This move marks a shift from their previous focus, which prioritized pure battery-electric platforms. It mirrors the approach taken by competitors like Stellantis, which is already deploying similar range-extender technology in vehicles like the Ram 1500 Ramcharger to bridge the gap for drivers worried about charging access.
Giving drivers more flexibility is a smart play for the transition to electric.
Driving electric just got a lot more convenient.
#Hyundai #AutoIndustry #ElectricVehicles
Electrive
Subscribe