Porsche has disclosed the company is set to add a full-sized all-electric SUV to its lineup.
This is part of the company’s several other upcoming EVs. It’s part part of its goal for 80% of all new sales to be electric vehicles by 2030.
Porsche didn’t disclose details about the all-electric SUV, its name, price point or specific production date.
The SUV will be the fifth EV in the Porsche portfolio when it comes to market around the end of the decade.
It’s based on the Volkswagen Group Scalable Systems Platform, a modular next-gen platform to be used across all of the VW Group brands.
Porsche launched its first EV, named the Taycan, in 2019.
The all-electric Macan is scheduled to go on sale in 2024 followed by the Porsche 718 EV which will be on sale by 2025 and then the Cayenne EV. There’s no release date for Cayenne.
“It will offer a very luxurious experience for our customers,” Porsche CEO, Oliver Blume confirmed in a media call following its annual conference that the SUV would be bigger than the Cayenne
He added the vehicle will have the sporty feel and fly line design which is synonymous with the Porsche brand.
“And so on the one hand it’s a very new approach for Porsche, but combined with traditional values, which has always been important for Porsche.”
The SUV EV is part of Porsche’s Road to 20 strategy, which aims to increase operating return on sales to more than 20%.
Porsche’s return on sales improved from 16% to 18% in 2022.