Porsche's first all-electric vehicle will wear a "Taycan" badge when it goes on sale one year from now, the German automaker announced early June. Although the Taycan shares a similar silhouette to the Panamera saloon, the Tesla Model S rival will be more compact and cheaper; entry-level versions priced between £60,000 and £70,000 mean it will carry only a small premium over its main rival.
The Taycan is expected to arrive in 2019 and start around $75,000. The vehicle is expected to launch from zero to 62 miles per hour in under 3.5 seconds and up to 124 miles per hour in under 12 seconds.
The company also marked the occasion by revealing a 911 Speedster Concept, an open-top version of its iconic sports auto.
Porsche has said it plans to double its investment in hybrid and fully electric vehicles to more than 6 billion euros (£5.2 billion) by 2022 as parent Volkswagen (VOWG_p.DE) seeks to overcome an emissions-cheating scandal and tap into growing demand for greener transportation. It will have two highly capable electric motors, one powering the rear axle and the other the front axle. The variants, of which there is likely to be three, will vary from around 400bhp up to 600bhp.
The Porsche Taycan (codename: Porsche J1) is based on a dedicated electric vehicle platform. But the Taycan's floor-mounted batteries should give it an extremely low centre of gravity to allow for hunkered-down handling that's comparable with more focused performance machines.
To boost that range quickly, the auto will have 800-volt charging technology. Claimed to be a loose translation of "lively young horse", Taycan isn't pronounced like the Liam Neeson movie franchise, but instead tie-con. And with good reason, the Mission E's specs are truly remarkable and may ultimately sway some prospective Model S buyers to side with Porsche instead. With this system, the car's battery pack will take only 4 minutes to get charged up to the capacity required for a 100 km range.