Porsche boosts its investment in electric cars
Porsche may be known for sports cars — and sporty SUVs, lately — but it wants to be known for performance-oriented electric cars in the near future.
The German automaker announced Monday it would double its investment in plug-in hybrids and pure EVs by 2022 to more than 6 billion euros ($7.43 billion). Along with the already pledged Mission E pure electric due next year, the company promises to develop other vehicles on that platform. Porsche will further invest in what it’s calling “new technologies, charging infrastructure and smart mobility.” Porsche got into the smart mobility game last year with the Porsche Passport pilot program that launched in Atlanta.
“Alongside development of our models with combustion engines, we are setting…
