Connect with us

Hi, what are you looking for?

Prime Webinar GroupPrime Webinar Group

Tech News

Porsche is holding on to gas cars for a bit longer

a plugged in porsche taycan
Photo by Sean O’Kane / The Verge

Porsche is not ready to turn in its gas caps for charging ports just yet. The company reportedly plans to launch more internal combustion engine models due to a slowdown in EV sales, according to Automotive News Europe. The automaker’s CFO, Lutz Meschke, told the outlet, “What is clear is that we are sticking with the combustion engine for much longer.”

As Car and Driver notes, he also said there’s a “clear trend in the premium luxury segment” that is leaning towards gas engines, and as a result, Porsche will “react” in its product cycle.

Porsche sells two pricey electric vehicles: the Taycan and the recently launched Macan. It planned to bring more EV-only models, including a Cayenne 718 and a new high-performance SUV. But now Meschke…

Continue reading…

You May Also Like

Politics

President Biden was photographed playfully biting at least two babies dressed in Halloween costumes at the White House trick-or-treat event on Wednesday evening. Both...

Editor's Pick

In this StockCharts TV video, Mary Ellen shares how the markets trade right before the elections, and also reviews the move in Tesla (TSLA) after...

Editor's Pick

Jeffrey Miron The 2017 Tax Cuts and Jobs Act reduced the tax rate on corporate income from 35% to 21%. Democratic presidential candidate Kamala...

Politics

South Korea demanded on Monday that the Russian ambassador protest military cooperation between Pyongyang and Moscow, calling for the immediate pullout of North Korean...