Stuttgart - Porsche is set to spend a billion euros (R15.6bn) to bring its first all electric car to market by “the end of the decade”, as sportscar maker guns for a slice of the green car market.
The new car, which will be a production version of the recent Mission E concept, will remain true to Porsche's performance heritage, with a 0-100km/h acceleration time of under 3.5 seconds. Under more efficient driving conditions, the new Porsche is expected to manage more than 500km on a single charge.
As a cure for the usually-slow recharging blues, a specially developed charger will replenish the car's lithium-ion batteries with sufficient power for 80 percent of the range after just 15 minutes, the company said.
“With Mission E, we are making a clear statement about the future of the brand. Even in a greatly changing motoring world, Porsche will maintain its front-row position with this fascinating sports car,” said supervisory board chairman Wolfgang Porsche.
Germany's mighty motor industry is racing to catch up with US green car star Tesla, which currently has no rival at the high end of the electric car segment.