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Porsche May Add EV to Line-Up

Latest maker to take aim at Tesla.

by on Mar.16, 2015

Porsche showed the potential for battery power with its 918 Spyder - but may now go pure battery-electric.

Porsche may become the latest automaker to enter the high-performance electric vehicle market – and to take on battery-carmaker Tesla Motors.

The German sports car company already has introduced several hybrid and plug-in models, but it is considering a purely battery-based option, its chief executive suggested during the company’s annual meeting.

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“In the not-too-distant future, we will present a seventh model line,” said CEO Matthias Mueller, noting the goal is to have an additional product line in showrooms by 2020. “There are already promising plans,” he added, “but no board decision yet.”