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Porsche Taycan: Investing in Luxury Electric Vehicles

Tesla’s Model S is the current dominant force in the luxury electric vehicle market. It debuted back in 2012

Porsche’s first electric luxury sedan, the 2020 Porsche Taycan, is expected to be released sometime in late 2019. The Taycan is meant to enter into this market and challenge Tesla’s electric vehicle model.

Taycan Investment

Porsche is expected to invest upwards of $6.9 billion for electric mobility until 2022. They aim that half of all vehicles they produce will be all-electric or hybrid by 2025.

The brand has decided to double annual production of the Taycan from 20,000 to 40,000. The decision was made even before the official release of the vehicle. The move suggests that Porsche expects the Taycan to outsell the popular 911 model. 36,000 copies of the 911 were created back in 2018.

Doubling production does not only signify expected demand. It also means Porsche expects the Taycan’s advanced features, like its fast charging capabilities, to provide immediate success in the marketplace. The brand’s decision to increase production by this number comes even as electric vehicles currently account for only a small percentage of the larger vehicle market.

Expected Specifications

Car turning in the curveThere are already several known rough specifications for the new Taycan. The model will have a total system output greater than 600 horsepower. It will have two permanently synchronous motors to send power evenly to its four wheels. It is also expected to hold enough power to cover a range of about 310 miles. Charging for about 15 minutes will allow the vehicle to cover at least 248 miles.

The Taycan can go from 0 to 60 in just under 3.5 seconds and it can reach a speed of 124 mph in 12 seconds. This rate of automotive acceleration means the model remains one of the fastest cars in the luxury market.

Charging Stations

Porsche Turbo Charging is the brand’s personal DC charging system. It can deliver up to 320 kilowatts of electrical power through the car’s CCS connector. These stations are available in 120 Porsche dealers across the country. The remaining 71 dealerships offer fast chargers that provide 50 kilowatts of power.

Taycan buyers are given free three years of 30-minute charging sessions at Electrify America charging stations. Electrify America is a fast charging network created in response to the diesel crisis in the country and the growing electric vehicle infrastructure.

Each highway station has at least two 350 kilowatt chargers, with other chargers providing up to 150 kilowatts of power. The amount of charge these can provide ensures the vehicle can reach other electric fueling stations without a problem. Essentially, the national infrastructure of fast charging sites prevents Taycan owners from ever having to experience range anxiety.

Four hundred eighty four stations with more than 2,000 charging dispensers are expected to be constructed ahead of Taycan’s arrival later in 2019. Hundreds of electric charging sites are expected to be constructed in the months and years ahead.

Porsche is gearing up to release its first luxury electric vehicle. Potential buyers can rest assured the new vehicle will be equipped with fast charging capabilities and contain other features that match or are superior to other electric vehicles.