Porsche Invests Six Billion In Electromobility

Porsche is doubling its investment in the future with plans to invest more than six billion Euro in electromobility by 2022…

By 2022 Porsche will invest more than six billion Euro in electromobility, focusing on both plug-in hybrids and purely electric vehicles. The decision was made by the Porsche AG Supervisory Board at its most recent meeting. “We are doubling our expenditure on electromobility from around three billion to more than six billion Euro”, explained Oliver Blume, Chairman of the Executive Board of Porsche AG. “Alongside development of our models with combustion engines, we are setting an important course for the future with this decision.”