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Porsche Might Cancel the Planned Cayman and Boxster EVs Before They Even Launch
Porsche CEO Michael Leiters weighs scrapping the electric 718 Boxster and Cayman due to rising costs, delays, and poor sales in China, threatening the model's EV future.
- Michael Leiters, Porsche CEO, is reportedly considering scrapping the all-electric 718 Boxster and Cayman, originally planned as purely electric successors, Bloomberg reports.
- Faced with rising costs and development delays, Porsche is reassessing the 718 EV amid a cash crisis after sales collapsed in China, prompting urgent cost cuts at Volkswagen Group.
- Late last year, Porsche wound down production of the 718 Boxster and 718 Cayman to prepare for an electric-only successor announced in March 2022 for a 2025 debut.
- A Porsche spokesperson declined to discuss the internal deliberations with The Drive but said gas and hybrid replacements for the 718 will arrive in a few years while the electric decision remains under consideration.
- The sports car market has already shrunk, and buyers may not favor electrification; Porsche has backpedaled by keeping gasoline Macan variants, signaling limits for electric sports models.
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18 Articles
18 Articles
Coverage Details
Total News Sources18
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
Factuality
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