More Power Behind the EV Lineup and Sustainability Goals
The lineup of vehicles pushes the business toward its electrification goals as the company continues to invest in electric infrastructure and offset emissions.
The Cross Turismo will run consumers almost $91,000 for the base model, which sports a 0 to 60 acceleration of just 4.8 seconds, dual-motor all-wheel drive, and 469 horsepower. The price tag puts the Taycan 4 Cross Turismo in competition with the Model S from Elon Musk’s rival EV company Tesla. The standard Model S runs buyers around $80,000, with the Plaid version jumping closer to $120,000.
The car company intends to make its electric bicycle offerings just as luxurious as its electric vehicles. The eBike Sport features a Shimano drivetrain and full-suspension carbon fiber frame, while the eBike Cross offers an adjustable hydraulic seat and Shimano trip computer for more rugged rides.
Automotive Businesses and Car Companies Continue to Electrify
The electric vehicle market is expected to reach $802.81 billion by 2027, according to a report from Allied Market Research. Porsche is joined by other giant automotive businesses barreling toward electrification, including Ford, GM, Jaguar, and BMW. The EV industry is bustling with activity as more car companies expand EV and hybrid offerings while existing EV businesses like Tesla lead the industry in competitively priced, fully electric options.
Porsche is a subsidiary of automotive business Volkswagen Group, which boasted a market cap of over $119 billion on Wednesday, according to a tweet from the company’s Chairman of the Board, Herbert Deiss.
About the Author
James White is a Michigan State University graduate with a BS in Environmental Biology. He is interested in reporting emerging trends in technology, especially with regard to alternative energy and environmental conservation.