Porsche invests half a billion euros in the Boxster/Cayman factory for electric vehicles

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This is a preview of the upcoming electric Caymans and Boxsters and it makes us very excited.

Porsche

There’s no denying that the current-generation Porsche 718 Boxster and Cayman are great sports cars, but Porsche is never a company that rests on its laurels. According to a report by the German branch of Automotive News on Friday, Porsche is already pumping money into the facility that builds them to switch to electric vehicle production ahead of the planned switch to full battery power for both models.

How much money? Try half a billion euros (about $565,380,000), and if it doesn’t say “commitment,” then I don’t know what it says. The brand had already invested heavily in building electric vehicles when it built the Taycan factory, but this goes even further and represents real progress in the brand’s stated aim of ensuring that around one third of its sales come from electric vehicles by 2025 and two thirds. by the end of 2030.

Production of the electrical replacements for the 718 – which are based on the fantastic Mission R concept – are due to debut in 2023, meaning we could expect a possible Boxster and Cayman launch this year. We also expect the next-generation Macan – also electric – to debut in 2023, so if you’re a fan of EVs that totally rule the ride, then next year is looking pretty good.

If you’re looking forward to an electric 911 then you better settle in for a long wait because Porsche isn’t going to mess with its most iconic model, at least not until the whole rest of the range is electrified first. This means that the company will expand its production lines to build internal combustion models alongside electric models, so hopefully the eventual full transition to electric power will prove graceful and trouble-free.

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