Porsche Doubles Its Electric Car Investment
Porsche is making a big bet on electric cars, with the upcoming Mission E representing the first full-electric car from the German automaker. Now, Porsche plans to double its investment in electric cars to nearly $8 billion by 2022. What will that extra money be used for? First, Porsche will use it to produce the Mission E as well as variants of the model. The money will also be used to hybridize and electrify the lineup, which likely means that there will be a hybrid 911 down the line. There will also be investment in factories, infrastructure, and everyone's favorite word combination, smart mobility.