Porsche Set to be Carbon-Neutral by 2030 – EV’s to Contribute 80% of Product Mix

  • By 2025, electric vehicles will account for half of all new Porsche sales
  • Porsche will be developing premium charging stations &will be investing in essential technologies like battery systems and module manufacturing
  • Operations impacted in Russia

Porsche had stated that by 2030, it will be carbon-neutral on its balance sheet. By 2025, electric vehicles (all-electric or plug-in hybrid) are predicted to account for half of all new Porsche sales.

According to Oliver Blume, Chairman of the Executive Board of Porsche AG, the share of all new vehicles with an all-electric motor should exceed 80% by 2030.

Porsche is investing in premium charging stations with partners, as well as its own charging infrastructure, to reach these lofty ambitions.

The company is heavily investing in essential technologies like battery systems and module manufacturing. Cellforce Group was formed by Porsche to develop and manufacture high-performance battery cells. The project is funded to the tune of roughly 60 million euros by the Federal Republic of Germany and the state of Baden-Württemberg.

The German Federal Ministry of Economic Affairs and Climate Action has awarded financing to Cellforce Group as part of the European IPCEI project EuBatIn (Important Project of Common European Interest – European Battery Innovation). The goal of this project is to create a competitive European lithium-ion battery value chain. By 2024, the production facility may be operational. Porsche AG owns over 70% stake in the project.

Porsche has emerged as the world’s leading automobile manufacturers in terms of profitability. During 2021, Porsche sales stood at €33.1 billion, 15 % over and above previous year figures of €28.7 billion. During FY 2021 Porsche registered an operating profit of € 5.3 billion, which exceeded 2020 figures by 27% i.e., €1.1 billion. Operating return on sales stood @ 16% over the previous year figures of 14.6%. Porsche AG has donated €1 million to aid people in Ukraine who are in need.

Porsche has halted deliveries to Russia as a result of the Ukraine conflict. Porsche is represented in 20 cities around Russia, with a total of 26 Porsche Centers. A total of 6,262 automobiles were supplied to Russia in the fiscal year 2021. The Cayenne was the most popular model, with 3,431 units sold (representing more than 54%). With 1,413 automobiles, the Macan came in second (more than 22%). In the previous fiscal year, 375 clients received the classic Porsche sports car. In 2021, Porsche delivered a total of 301,915 automobiles around the world.

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