Last Combustion-Powered Vehicle in the Lineup: Porsche 911

News Highlights

• Cayenne will match up the 718 Sports Car
• The Company plans to hit 80% sales target via EV
• Other Smaller Companies to follow the Path

According to reports, Porsche has a strategy plan to progressively switch its whole car lineup over to electric vehicles, with the goal of having them account for 80% of sales by 2030. The Porsche 911 will be the last internal-combustion engine model left, a top executive reportedly said, according to a Reuters article.

Due to Porsche's expenditures in e-fuels and campaigning for the EU to allow sales of such vehicles after 2035, environmentalists and industry observers constantly watch the company's actions. Porsche has ties to e-fuels thanks to its investment in HIF Global, a Chilean energy company.

According to the company's electrification roadmap, the popular Cayenne will follow the 718 sports car and the small SUV Macan as the next vehicles to go electric. Porsche intends to keep making the 911 with a combustion engine as long as feasible, even if it will only contribute for 13% of sales in 2022.

Porsche makes it clear that its investments in e-fuels and EV plans are different. When burned, e-fuel, which is created from renewable hydrogen and carbon dioxide that has been captured, is considered carbon-neutral because it releases CO2 once more.

Since big trucks and airlines are likely to use electric power more frequently than passenger cars, HIF Global's e-fuel is more suited for these applications.

According to automotive and industry experts, e-fuels are likely to be restricted to specialized, expensive models, with major automakers concentrating mostly on electrification after 2035. Compared to businesses focused on electric vehicles, e-fuel startups have gotten a lot less funding.

Like Porsche, Ferrari has argued for an exception for e-fuels in the EU and wants 80% of its vehicles to be electric or hybrid by 2030.

Smaller luxury automakers like Briggs Automotive Company (BAC) and Morgan Motor Company (MMC) are interested in supplying high-performance e-fuel versions to wealthy consumers who could prefer them despite the popularity of electric cars.