Porsche believes price hikes could delay electric adoption

Deepak Gupta June 16, 2022
Updated 2022/06/16 at 10:56 PM

At this moment, several manufacturers have already announced a time horizon for the electrification of their offer. A case in point is Porsche, which has now revealed that it believes that the increase in the price of raw materials could delay the adoption of electric cars.

In addition to delay, it could imply an increase in the price of cars.

Although Porsche has only one electric model in its catalog, the Taycan, has already announced that it will soon have more machines to follow this path. After all, by 2030, the company intends that 80% of its sales correspond to zero-emission vehicles.

However, Michael Steiner, member of the executive board and responsible for research and development at Porsche warned for the increase in the price of raw materials necessary for the production of electric vehicles. In his opinion, this could delay the expansion of electric mobility and force the manufacturer to raise the price of its cars. Still, it does not rule out the development of models with a combustion engine.

By 2030, we want 80% of the vehicles we deliver to our customers to be fully electric, depending on availability and infrastructure. However, we will continue to grow the combustion engine. We are confident that there will be a market for combustion engines in the future.

Said Michael Steiner.

Michael Steiner, member of the executive board and responsible for research and development at Porsche

Michael Steiner, member of the executive board and responsible for research and development at Porsche

Although Europe has approved a ban on the sale of thermal cars from 2035, Porsche has already confirmed that it will continue to develop synthetic fuels.

We have to move away from fossil fuels for the long term and we need synthetic fuels to do that. With our pilot plant in Chile, we are showing that it is technically possible. However, we would like to see even more political support, for example [...] specific taxes on the corresponding fuels. This is the correct way to gradually replace fossil fuels.

explained Steiner.

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