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Oct 18, 2017,  by Allianz Partners Business Insights

Porsche set to sell 100% electric car for less than $100,000 by 2019

Porsche is set to launch the Mission E 100% electric concept car by 2019, with a range of 500 km. 

After Tesla and its famous Model S, Porsche is now ready to hit the electric sportscar market. At the Frankfurt Motor Show, held from 14–24 September, the German giant announced that its new Mission E concept should be on sale by 2019 and ready to provide stiff competition for the Model S. Mission E will be Porsche’s first fully electric four-door car and feature a design that is a cross between the Panamera and the 911. According to CEO Oliver Blume, it will also be similar to the concept car prototype unveiled in 2015, and be mass-produced.

 

High-performance

 

According to French website Numerama, the future Mission E’s lack of combustion engine will not adversely affect performance. The concept car should have 600 HP and go from 0 – 100 km/h in just under 3.5 seconds, for a top speed of over 250 km/h. This would see it come in behind the Tesla Model S P100D, which goes from 0 – 100 km/h in just 2.7 seconds.

But Porsche is intending to offer various different engine specifications, with an entry-level model costing between USD 80 – 90,000 – the equivalent of a Model S. There would also be cheaper and less speedy options (from 74,000 euros), while the P100D is set to retail at over 140,000 euros.

 

Range of 500 kilometres and ultra-fast charging

 

Porsche has announced that the cars should have a range of around 500 kilometres, while battery charging times will be incredibly short, with the Mission E able to get up to a charge of 80% in a mere quarter of an hour.

Volkswagen CEO Matthias Müller likened the charging time to a quick pit-stop in motor sports – a worthy comparison, with Porsche having won the last three Le Mans 24 Hour races courtesy of its 919 Hybrid. The manufacturer is also looking to launch a wider range of vehicles based around the Mission E concept, likely featuring sportier versions such as an S and a GTS, and perhaps a cabriolet or even an SUV.

 

 

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