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Porsche Shifts Course, Leans Into Hybrids Instead of EVs

  • Porsche is shifting its focus towards hybrid options instead of fully electric vehicles after initial plans for 80% electric sales by 2030 appear unrealistic due to market developments.
  • Taycan sales have dropped globally, partially attributed to slow electric mobility ramp-up, but Porsche is still expanding its range of EVs, including the new all-electric Macan.
  • Porsche will introduce more hybrid models, with combustion and EV versions of the Panamera and Cayenne planned to coexist into the 2030s, while a new hybrid SUV model series is under consideration.
  • Porsche is restructuring around a target of 250,000 annual sales, emphasizing 'value over volume', cutting workforce, and aiming to make more money by selling fewer cars, with hybrids playing a significant role in the future lineup.

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