With a higher demand than expected, Porsche is doubling production of the Taycan EV. They are doubling the production number, which is quite an increase. With originally planning on 20,000 units a year, the Porsche Taycan EV will now produce 40,000 units annually. On CNBC this week, Porsche confirmed the increase. Andrew Lennon, a manager of product communication for Porsche, stated, “We had been ready for it. We had the ability to increase capacity from beginning, and executives recently made the decision to go ahead.”

Sales are planned to begin in the U.S. by the end of the year. The automaker says the Taycan EV will run over 300 miles on a single charge. With the two motors, the all-wheel-drive car vehicle will produce more than 600 hp. It will go 0-60 mph in under 3.5 seconds. Porsche eventually wants to introduce higher-performance variants soon, along with the Targa model. 

Taycan EV owners will be able to enjoy the full $7,500 federal tax credits. The competition, Tesla, sold more than 200,000 electric cars, reducing their federal tax credit dramatically. By 2020, Tesla will not be eligible for the federal tax credit. 

The Porsche Taycan EV will be priced between the Cayenne and Panamera models. Estimation on the price tag are starting at $85,000.

 

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