INSUBCONTINENT EXCLUSIVE:
"Our double strategy is more important than ever," Porsche said, referring to its continued development of both combustion engine and
Photo: Twitter2 min read Last Updated Jul 22 2024 | 9:59 PM IST
Luxury carmaker Porsche expects the transition to electric vehicles to
watered down that goal by tying it explicitly to customer demand and developments in the electromobility sector, saying in a statement only
electric in 2030 - dependent on customer demand and the development of electromobility." Executives at carmakers from Mercedes-Benz to
Renault have warned in recent months that goals they set in recent years for fully electric sales in the next decade were too ambitious as
customers remained reticent to make the switch away from gas-powered cars.
Porsche, struggling with low EV sales this year so far,
highlighted the disparity in its three key markets in EV uptake, with demand far ahead in China, slower in Europe and spotty in the United
and electrified cars.First Published: Jul 22 2024 | 9:59 PMIST
