Send to Kindle
www.pixabay.com
German luxury car maker Porsche has announced an ambitious plan to fight the market for electric cars with Tesla's dominant US company, AFP reports.
More than half the cars produced by Porsche will be electric by 2025, the German manufacturer's North American chief Klaus Zellmer said during the Los Angeles Auto Show, Economic Times reported.
"The future is electric," said Klaus Zelmer, director of the North American company, ahead of the grand opening of a major Los Angeles auto show. "By 2025, Porsche will have crossed a tipping point, actually building more than 50 per cent of its annual volume ... with either plug-in hybrid technology or fully battery," he said. However, he added, the "combustion engine of course is not dead", pointing to Porsche's popular 911 sports cars.
Porsche, which is owned by Volkswagen, unveiled its new electric Porsche Taycan model at the Frankfurt Motor Show in September. The luxury model is targeting Tesla's market share in the US.
Tesla has an especially firm grip on the US, which is Porsche's second-largest market, AFP reported.
In 2021, the German company will launch a fully electric version of its Macan SUV, which will be aimed directly at the Tesla Model Y model.
Tesla's visionary CEO, Elon Musk, has once again captivated the online audience by sharing a video featuring the humanoid robot "Optimus" going for a walk
Tesla has secured the top spot in Norway's car sales for three consecutive years, triumphing despite tensions between the American electric vehicle company and influential unions in the Nordic region
Bulgarians' interest in electric cars is growing at a rapid pace and among the favorite manufacturers is "Tesla", although the company does not even have an official representative office in the country
Tesla said it delivered 1.31 million electric vehicles in 2022, a record for the U.S. automaker and a 40 percent jump from a year earlier, but still below its own and Wall Street expectations
Billionaire Elon Musk is no longer the richest person in the world, according to data from "Forbes"
The US electric car maker Tesla owned nearly $2 billion worth of bitcoins at the end of last year, according to financial documents filed with the Securities and Exchange Commission (SEC).
The practice of hiring workers without formal employment contracts remains a widespread violation of labor and social security laws in Bulgaria
Preparations for Bulgaria’s entry into the eurozone are well underway, despite the exact timeline remaining uncertain
Bulgaria is on the verge of meeting the inflation criterion
The Ukrainian parliament has approved the purchase of two Russian nuclear reactors that were originally intended for the Belene Nuclear Power Plant (NPP) in Bulgaria
Wizz Air has resumed its flights from Sofia to Tel Aviv
The European Bank for Reconstruction and Development (EBRD) has significantly increased its investments in Bulgaria for 2024
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability
