Porsche’s decision to create all-electric versions of the 718 Boxster and Cayman was bound to trigger some strong opinions among enthusiasts, but the controversy doesn’t stop there. Porsche’s ambitious EV project has already encountered a string of significant obstacles. Not only are they struggling to replicate the driving dynamics of the gas-powered models, but a new report reveals that the electric versions have been pushed back for a second time.

Read: Porsche Changes EV Plan, Will Give Electric Models ICE Powertrains Too

The original plan was to unveil the electric Boxster and Cayman in 2026, but Porsche’s CEO, Oliver Blume, recently admitted that the company is facing major difficulties sourcing the high-performance battery cells needed for these cars. A big part of the problem stems from the unexpected bankruptcy of Swedish battery manufacturer Northvolt late last year, which has only complicated Porsche’s EV ambitions.

A Disrupted Timeline

European sales of the current 718 duo were abruptly cut off in mid-2024, thanks to a run-in with new cybersecurity regulations. While the cars are still available in other markets, including North America, Automobilwoche reports they will be discontinued by the end of 2025.

Porsche had originally planned to launch the electric versions in 2026, allowing them to seamlessly replace the internal combustion engine models. However, that timeline is now in disarray, meaning Porsche might face a gap of a year or more without any Boxster or Cayman in their lineup, with the new launch window now stretching into 2027.

More Battery Issues

Porsche 718 EV prototypes (Photos Baldauf)

This is far from the only battery-related issue Porsche is facing. In June 2021, it founded the Cellforce Group to develop and manufacture battery cells, establishing a site near Tubingen, Germany, but because of difficulties from competing with rivals from Asia, it’s unlikely Cellforce will get the outside investment needed to start production. As such, its “cells will likely never find their way into the sports cars from Zuffenhausen,” the German outlet reports.

To avoid putting all its eggs in one basket, Porsche took the step of acquiring a majority stake in Varta’s e-mobility battery unit back in March, hoping to secure a more reliable supply of high-performance cells. Still, it’s clear that these supply chain issues are adding unwanted complexity to the company’s EV transition.

A Delayed SUV and a Shift in Strategy

It’s not just the electric Boxster and Cayman that are impacted by the battery chaos. Porsche has spent several years working on a three-row electric SUV known internally as the K1. It was initially going to be launched in 2027, but has reportedly been delayed until the end of the decade.

Wolfburg Research analyst Fabio Hölscher believes Porsche may have overcommitted to its electrification plans too soon. “Porsche‘s original model portfolio plans are what currently amplifies these market-driven setbacks,” he told Auto News.

“Because the battery electric adoption is behind schedule, Porsche now has to develop additional combustion models on top of dealing with the costly delays in BEV ramp-up, as well as managing the weak situation in China and uncertainty around U.S. exports,” he added.

Porsche had initially set a goal for 50% of its sales to come from BEVs and PHEVs by 2025, with the aim of reaching 80% BEV sales by 2030. However, the company has since scaled back those targets and is working on new combustion powertrains. There’s even talk that the electric Boxster, Cayman, and K1 might eventually be designed to also accommodate internal combustion engines, just in case the market demands it.

Porsche brought electric power to its sports car lineup for the first time last year with the launch of the 911 GTS Hybrid, but that’s pretty mild compared with what’s about to happen to the 911’s Boxster and Cayman baby siblings. The two-seat coupe and roadster are ditching combustion technology altogether, and spy photographers have just snapped a couple of Cayman prototypes trialing their EV powertrains on and around the Nurburgring.

Related: Porsche 718 Cayman Electric Spied For First Time

Our scoop photo teams has spotted the Boxster several times before over the last couple of years and they snapped some grainy, long-lens pics of the Cayman on its first trip outdoors at the beginning of the year. But these fresh images are much sharper and show two cars with different wheel designs.

A Familiar Silhouette, Under New Power

Despite switching to an all-electric powertrain, the proportions of the new Cayman are very similar to those of today’s ICE-powered car. It still looks like a classic mid-engined junior supercar with a nose that dives towards the pavement and a sleek fastback tail. One of the great things about the ICE 718s is how practical they are thanks to having a trunk at either end, and we expect the EVs to carry on that tradition.

The set of pictures taken on the Nurburgring itself shows a small active spoiler at the base of the liftback hatch in a raised position. Directly below it in the center of the bumper is the charging flap for the battery that is mounted vertically behind the seats and will feature 800-volt tech. The nose features the same active cooling slats seen on the 911 GTS Hybrid and the disguise on the rear quarter window and lower quarter panel hides an upswept windowline and lower air intake, like on the Mission R concept.

Rear-Drive or All-Wheel Drive? You’ll Have Options

Images: Baldauf

Both single-motor, rear-wheel drive and dual-motor, all-wheel drive versions should be available when the Boxster and Cayman go on sale in 2026 as MY27 cars. Though the 911 has been available with AWD traction for 35 years, this will be the first time it’s been offered in the mid-engined, entry-level sports cars.

Porsche has partially put the brakes on its electrification plans due to slower-than-expected development of the electric market, and is extending the lifespan of combustion engines and re-engineering some still-secret new EVs to take ICE power. But the new 718 Boxster and Cayman were too far down the development path to be reconfigured with an ICE option in time for launch.

It’s possible Porsche could adapt them and introduce combustion options later, as Fiat is doing by turning its slow-selling 500e into a hybrid. Although global 718 sales were down in Q1, that was largely due to the car being dropped in Europe due to the same cybersecurity regulations that forced the demise of the old ICE Fiat 500. In the US, 718 sales almost doubled in the first three months of this year.

The Real Test: Handling Like a Porsche

Porsche is also reported to have been struggling to make the EV Cayman handle as well as the outgoing combustion car, a problem that might have led to pushing back the planned debut from 2025 to 2026 – and can only drive sales of the current 718. The automaker can’t afford to mess the handling up, because the Cayman Electric is going to face some stuff competition from the new Alpine A110 EV.

Images: Baldauf

Party hats were compulsory headgear at VW’s Zwickau plant in eastern Germany this week. The factory produces six different EVs for various VW Group brands and just built its millionth electric car, an ID.3 GTX hot hatch. But Zwickau’s busy production lines are causing a headache for the bean counters at VW’s Wolfsburg HQ.

The problem is that EVs are expensive to build and deliver smaller margins than equivalent combustion-powered cars. And while electric sales doubling in Europe in the first quarter of 2025 is something to celebrate, some of those sales come at the expense of ICE sales.

Related: VW ID.2 Might Have A Shot In America, But ID.1 Is ‘Highly Unlikely’

As EVs take up a greater proportion of the sales mix – they accounted for one in five VW Group cars in Jan-March – they push profitability down, reducing the margin to 4 percent. And the withdrawal of EV subsidies in many European countries means VW can’t lean on government incentives to allow them to charge more.

But there is light at the end of the tunnel in the form of the VW ID.2 and its various spinoffs and related EVs. The €25k ($28k) ID.2, which will be built in Spain, goes on sale in 2026 and should be one of the first Western-built EVs to return margins close to an ICE car’s. The baby VW and its sister SUV, plus the Cupra Raval and Skoda Epiq use a new front-wheel drive version of the MEB platform that costs less to produce.

Earlier this month VW revealed that earnings before tax were down 40 percent to €3.1 billion ($3.5 bn) in Q1 even as deliveries increased by 1.4 percent. The company’s finance chief Arno Antlitz partly attributes this to EVs taking a bigger slice of the sales pie.

But President Trump’s tariffs threaten to throw an even bigger spanner in the VW Group’s plans. The constantly-changing US import tariff situation is making it harder for automaker to make financial forecasts for the rest of the year, but VW, which is badly exposed due to Audi and Porsche’s lack of US production sites, has already downgraded primed investors to expect a less successful year than previously anticipated.

It’s hardly a secret that many EVs plummet in value faster than a rock skipping across a pond, even more so when it comes to premium German brands like Mercedes-Benz, BMW, and Audi. Even Porsche and its Taycan haven’t escaped that unfortunate fate. While that’s a gut punch for sellers, it’s a jackpot for buyers looking to snag a six-figure electric Porsche on the cheap.

More: Someone Snagged A Steal On This 1k-Mile Porsche 911 T Coupe

The Taycan is closely related to the Audi e-tron GT, the prices of which have collapsed on the used market over the past year or so. So far, it hasn’t depreciated to the same extent as the Audi, likely owing to the fact that, as a brand, Porsche is more desirable and exclusive than its sibling in the VW Group. However, one 2023 Taycan recently sold on Bring a Trailer for just $54,000 despite having an original MSRP of $109,310 before taxes and fees.

The Taycan’s Core Features Still Hold Up

This may be the entry-level Taycan, but it’s still a very good EV. It’s equipped with a single rear-wheel electric motor that delivers 469 hp and 263 lb-ft (357 Nm) of torque, powered by a hefty 93.4 kWh lithium-ion battery pack. When it changed hands, it had around 27,000 miles (43,400 km) on the clock and came with a clean CarFax, so it wasn’t a junkyard special.

While the Turbo S and Turbo GT versions tend to steal the spotlight, the interior of the entry-level Taycan is nearly identical to those models, and this particular example came with some appealing options.

Among them are the 20-inch Sport Aero wheels, the upgraded 93.4 kWh battery (a $5,780 option), Porsche’s InnoDrive adaptive cruise control system, and the $5,960 Premium package. The latter adds a surround-view camera, power-folding wing mirrors, a $1,200 Bose audio system, a fixed panoramic glass roof, ambient lighting, power-ventilated front seats, and Lane Change Assist.

Ouch for the Seller, Win for the Buyer

We can’t help but feel bad for the individual who lost $56,000, or more than half of the original price, after just two years of ownership. But on the flip side, the new owner has likely walked away with a pretty sweet deal. The big question now is whether the price drop will continue as the heavily revised 2025 models start showing up on US roads.

More: Seller Refuses $64K For Brand New Dodge Durango Hellcat Sitting For 4 Years

The lesson here? Smart buyers can skip the sticker shock of a new Taycan and dive straight into a used one for a fraction of the price. Just make sure you get one with a remaining warranty, or better yet, an extended one, because if something critical goes wrong, it could end up costing more than the car itself.

Bring a Trailer

The World Car Awards have been presented at the New York Auto Show and they were a truly global affair. So much so, that most of the winners aren’t even available in the United States.

While that’s disappointing, the Kia EV3 was named 2025 World Car of the Year. The model beat the BMW X3 and Hyundai Inster to win top honors, earning Kia their second consecutive World Car of the Year award following last year’s crowning of the EV9.

2025 Kia EV3 Review: Everything We Love About The EV9 Made More Affordable

The EV3 isn’t offered in America, but it’s coming as long as tariffs don’t get in the way. That being said, we tested it earlier this year and came away pretty impressed.

Electric vehicles had a strong showing this year as the Volvo EX90 was named 2025 World Luxury Car. It bested the Porsche Macan and Porsche Panamera to take top honors.

The electric crossover starts at $79,995 and features a 111 kWh battery pack as well as a dual-motor all-wheel drive system with 402 hp (300 kW / 408 PS) and 568 lb-ft (769 Nm) of torque. This enables the model to hit 60 mph (96 km/h) in 5.7 seconds and travel up to 310 miles (499 km) on a single charge.

Moving on, the Hyundai Inster / Casper Electric was named World Electric Vehicle. It’s a pint-sized urban crossover that has 113 hp (85 kW / 115 PS) and is primarily offered in the East.

The EV trend continues as the BYD Seagull / Dolphin Mini was named World Urban Car. The hatchback costs less than $10,000 in China and the Seagull Intelligent Driving Edition offers up to 252 miles (405 km) of range.

World Car Design of the Year, unsurprisingly, went to an EV. It was the Volkswagen ID. Buzz, which is interesting as the electric van has been around for a few years now. That doesn’t exactly seem fair, but the model bested the Kia EV3 and Toyota Land Cruiser / Land Cruiser 250 for the title.

Last but not least, there’s the only non-EV to win an award. It was the Porsche 911 GTS, which was named 2025 World Performance Car.

The sports car starts at $169,800 and features a hybridized powertrain that consist of a turbocharged 3.6-liter flat-six, an electric motor, and a small battery pack. This gives the model a combined output of 532 hp (397 kW / 539 PS) and 449 lb-ft (608 Nm) of torque. This enables the coupe to accelerate from 0-60 mph (0-96 km/h) in 2.9 seconds before hitting a top speed of 194 mph (312 km/h).

Electric vehicle sales in the United States are gaining ground, but the road to mainstream dominance is still a long one. While EVs made a notable leap forward in the first quarter of 2025, they continue to account for only a fraction of total new car sales. Some automakers rode a wave of growth with new models and fresh demand, while others—Tesla included—faced early-year setbacks.

Read: Tesla’s Q1 Collapse Fueled VW’s Shock Rise In The EV Race

In total, 296,227 electric vehicles were sold nationwide between January and March, marking an 11.4 percent increase over the 265,981 units delivered during the same period last year. New data shows that General Motors had a particularly strong showing, with more than 30,000 GM EVs finding buyers in Q1—nearly doubling its output from a year ago. A mix of fresh offerings from Chevrolet and GMC helped drive the gains, while Cadillac continued to post steady performance.

GM Surges with Chevrolet and GMC

Chevrolet alone sold 19,186 electric vehicles in Q1 2025, a 114.2% increase over the 8,957 units it moved in the same quarter last year. The big success story was the Equinox EV, which led the brand’s lineup with 10,329 sales. The Blazer EV followed with a staggering 931.2% increase—rising from just 600 units in Q1 2024 to 6,187 units. The Silverado EV also posted a strong debut with 2,383 deliveries. Meanwhile, the Bolt EV and EUV were essentially absent, with only 13 units sold after GM officially discontinued the models two months ago.

GMC contributed solid numbers as well. The Hummer EV pickup and SUV posted a combined 3,479 sales, up 108.6%, while the brand also moved 1,249 units of the new Sierra EV.

According to Cox Auto, Porsche recorded the highest EV growth rate of any brand, with sales up 249% thanks to the arrival of the new Macan Electric. Toyota’s EV sales climbed 195.7% to 5,610 units, the Volkswagen Group jumped 183%, and Volvo spiked 172.9% on the strength of the new EX30 and EX90 models.

Tesla Flounders While Others Flourish

Tesla by contrast, didn’t share in the early-year enthusiasm. The company saw its US sales drop 9% year-over-year, delivering 128,100 vehicles in Q1. Still, even with the decline, Tesla holds a commanding 43.5% share of the U.S. EV market—nearly half of all electric cars sold.

Several other automakers also saw declines. Mercedes-Benz posted the steepest drops, down a staggering 58%. Rivian followed with a 37% dip, and Kia slipped 24% compared to the same quarter last year.

Looking ahead, Cox Automotive expects the rest of the year to be anything but smooth. “The rest of 2025 will likely be a volatile one for EV sales in the U.S., despite the introduction of new product and healthy incentives,” the firm noted. Tariff-related headwinds could weigh heavily, particularly for automakers relying on imported materials. Steel and aluminum tariffs are already a hurdle, and with China supplying much of the world’s EV battery materials, the ongoing trade standoff may distort the market further.

Tesla’s sales sank alarmingly in Q1, falling 13 percent to 337,000, a fact that on its own would be enough to make Volkswagen’s German execs crack a wry smile. But what they’ll really have them bro-hugging in Wolfsburg is knowing that Tesla’s misfortune is almost certainly linked to VW posting record EV sales figures over the same period.

Related: Tesla’s European Sales Have Collapsed, Down 45% As EV Market Surges 31%

Sales of fully-electric VW Group vehicles jumped 59 percent in the first three months of the year, reaching 216,800 compared with 136,400 in Q1 2024. By comparison, Tesla reported 336,681 deliveries in the same period, down 13 percent from last year. But even that success is dwarfed by what happened in Europe.

EV Momentum in Europe

EV sales there exploded by 113 percent to 158,100, up from just 74,400 a year earlier, no doubt helped by widespread dislike of Tesla CEO Elon Musk, particularly in Germany, where Musk came out in support of the far-right AfD party. A poll last month found 94 percent of Germans wouldn’t buy a Tesla due to the CEO’s antics. That sentiment appears to be hitting where it hurts: in Q1, Tesla’s sales in Germany plummeted 62 percent compared to the same period last year.

Strong Gains in the US, Trouble in China

US sales also grew significantly, Americans taking home 19,900 EVs, representing a 51 percent increase. But there was bad news from China where EV sales plummeted 37 percent to 25,900 units. And although the global EV sales result is definitely worth celebrating, it ought to be viewed in the context of the sales of vehicles of all power types.

VW GROUP EV SALES

That number did improve, but only by 1.4 percent to 2.13 million units, the decline in demand for combustion cars offset by both the surge in demand for EVs and a 15 percent uptick in PHEV sales. Overall sales in China were down 7 percent, the only region to see a fall.

VW’s Top-Selling EVs

VW’s best-selling EV globally was the ID.4/ID.5, which racked up 43,700 sales, followed by the ID.3 hatch with 28,100 deliveries. Audi’s Q4 e-tron – a reskinned ID.4 – placed third with 22,800 sales, the Skoda Enyaq found 20,200 buyers and VW’s ID.7 scored 19,100 sales.

Porsche’s Macan Electric only ranked seventh with 14,200 sales but since it wasn’t on sale in Q1 2024 its appearance in this year’s Q1 helped Porsche’s EV deliveries jump by 326 percent.

EV SALES BY BRAND

Electric cars are no longer just about efficiency—they’re turning into full-blown performance monsters. Sure, the Xiaomi SU7 Ultra Ultra may have nabbed some bragging rights by edging out the Taycan Turbo GT at a few tracks, but make no mistake: Porsche’s flagship EV is still an absolute weapon. Not only does it offer insane acceleration, but it is equally as impressive in braking and handling, as Motor Trend recently discovered.

Read: Porsche Taycan Turbo GT Topples 911 Turbo S At Interlagos F1 Circuit

While testing the Taycan Turbo GT in flagship Weissach guise, which ditches the rear seats, Motor Trend recorded an astonishing 0-60 mph (96 km/h) time of 1.89 seconds with its typical one-foot rollout procedure. This works out to be 2.10 seconds without rollout. To put that into context, that 1.89-second sprint is not only 0.05 seconds quicker than the standard Taycan Turbo GT, but it’s also 0.18 seconds ahead of the Tesla Model S Plaid, no small feat. Even the four-door Taycan Turbo GT previously tested by MT outsprinted the Tesla to 60 mph.

Faster Than Fast

This acceleration places the Porsche ahead of some seriously elite competition. It beats the Ferrari SF90 Stradale Assetto Fiorano’s 2.10-second time and edges out the Lucid Air Sapphire’s 2.16-second figure. In fact, it’s now the fastest-accelerating car MotorTrend has ever tested in its 76-year history.

Motor Trend’s quarter-mile time is perhaps even more impressive. The electric Porsche stormed down the drag strip in just 9.23 seconds at 150.1 mph. That only trails the Lucid Air Sapphire that’s set a 9.21-second quarter-mile at 157.1 mph. As the model’s various lap records show, it also handles extraordinarily well and is the quickest sedan tested around the publication’s figure-eight testing course.

In the test, the flagship electric Porsche set a time of 21.86 seconds, pulling an average of 1.03g. This is the fourth-quickest time ever recorded, and only a hundredth of a second behind a Chevrolet Corvette Z06 with the Z07 Pack, and was close to the Ferrari 296 GTB and McLaren 765LT.

Braking performance is just as impressive. The Taycan Turbo GT Weissach came to a halt from 60 mph in just 93 feet. And when it’s time to recharge, the EV is equally efficient, needing only 19 minutes to go from 5% to 80% using a high-speed charger.

At What Cost, Though?

The example tested had a sticker price of $233,395. There’s no doubt that’s a lot of money, particularly compared to the $94,900 commanded by the Tesla Model S Plaid, although it’s more affordable than the $250,575 Lucid Air Sapphire.

Porsche already has one electric SUV in its lineup – the Macan Electric – but it’s about to give it a big brother in the form of the 2026 Cayenne Electric, which debuts late this year. Our spy photographers have captured a pair of prototypes testing, but far from being identical twins, they feature some important differences.

Both models are still wearing the fairly heavy camouflage we’ve seen on previous prototypes over the past 12 months. The disguise covers parts of the front and rear bumpers and the lower sections of the doors. But it doesn’t prevent us noticing that only one of the SUVs has what appears to be active aero flaps in the lower bumper, just like the ones seen on the new 911 GTS T-Hybrid. It also has a splitter attached to the lowest point of the bumper, suggesting it’s a performance version, perhaps a GTS.

Related: 2027 Porsche Cayenne Coupe Goes Electric In New Spy Shots

The other Cayenne doesn’t have the lower lip spoiler or the same active aero slats (though it’s possible they could still move). Instead it has a less macho bumper with horizontal bars and the ADAS sensor stands proud of the bumper surface, rather than being recessed, as on the other SUV.

This less performance-focused bumper appears to provide a better approach angle, so we could be looking at an off-road-themed Cayenne. That idea is backed up by the slightly flared rear arch lips on this Cayenne, which aren’t present on the one with the GTS aero flaps. Further confusing matters, only the non-flap SUV has boxy vents below its taillights.

When the full bumper disguise comes off we’re expecting to see a split headlight arrangement, just like the one on the Macan Electric and Audi’s Q6 e-tron and A6 e-tron. Those three are based around the same VW Group PPE platform that will also be used for the Cayenne EV in both standard and Coupe forms.

Entry-level Cayennes will probably also share their powertrains with mid- or high-spec Macans, which feature a 509 hp (516 PS / 380 kW) bi-motor setup in 4S trim and 630 hp (639 PS / 470 kW) in Turbo guise. And given the Taycan Turbo and Turbo S serve up 872 hp (884 PS / 650 kW) and 939 hp (700 kW / 952 PS), we imagine the hot Cayennes will be similarly potent.

The Cayenne Electric isn’t the only EV Porsche is working on. All-new, all-electric 718 Boxster and Cayman sports cars are on the way, and were set to debut this year, but that launch could be pushed back to 2026 as Porsche grapples with a performance EV market that hasn’t matured the way it hoped when it began planning these models more than five years ago.

Images: SHProshots

Are classic Porsche 911s best left untouched, with their original charm preserved for posterity? Some would certainly argue yes. But, for every purist clinging to that idea, there’s a growing crowd fascinated by the restomod scene, people who crave the iconic looks of these cars but want something more modern under the hood.

Enter Everrati, a company known for electrifying classic Porsches, which recently unveiled its latest project known as “The Viper Commission.”

The tuner stripped down the 911 to its core, replacing the body panels with lightweight carbon fiber, which gives the car a much wider stance. Then they gave it a striking new coat of Viper Green, paired with Fuchs-style black wheels and polished silver rims. To complete the look, they added a ducktail spoiler and updated the headlights.

Read: Everrati Teams Up With Singer Design’s Secret Helper To Bring Electric Porsche 911 Conversions To USA

From the outside, the car looks like any other well-modified 964—sharp, aggressive, and unmistakably Porsche. But things get interesting when you peer underneath the surface.

Electric Power Takes Over

Unlike your standard 964, the heart of this particular 911 has undergone a radical transformation. Gone is the iconic air-cooled engine, replaced by a 62 kWh battery pack and an electric motor. While Everrati has been tight-lipped about specific power numbers, they claim this electric 911 can accelerate to 60 mph (96 km/h) in under 4 seconds. Not too shabby for a car that once purred its way through the streets on gasoline.

According to the British company, the owner of this 911 has a “profound commitment to combating climate change,” so it makes sense why they decided to ditch the engine for an electric motor. Of course, the addition of a relatively large battery pack has inevitably added some weight to the car, and we’d be intrigued to know the effect this has on the handling dynamics.

As for the interior, Everrati didn’t skimp on the details. The cabin has been upgraded with black leather across most surfaces, complemented by grey striping and a distinctive green 12 o’clock stripe on the steering wheel.

Porsche has hopped on the conquest discount bandwagon, joining a growing list of automakers willing to sweeten the deal for those currently leasing a vehicle from another brand. Sure, if you’re eyeing an all-electric Porsche, the chances are that you can probably swing it without a discount, but hey, even the wealthiest among us appreciate a good deal when it’s on the table.

Read: After Polestar, Ford Tempts Tesla Owners With Conquest Discount For Mustang Mach-E

The German automaker is keeping things open-ended, offering a conquest discount to anyone, regardless of which brand or model car they’re leasing. The discount itself is no small change, ranging from $1,500 to $4,500, but there’s a catch—it’s tiered, meaning not everyone will walk away with the maximum savings.

The Details: Timing Is Everything

Here’s how it breaks down: if you’re in the final 30 days of your lease, tough luck, you’re not eligible for any discount. If your lease is set to expire within 31 to 60 days, you’re looking at a $1,500 discount. That jumps to $3,000 for leases ending in 61 to 90 days. But, to really cash in with the full $4,500, your lease has to be running a little longer, specifically, more than 91 days.

The Fine Print

There’s also a little fine print to keep in mind. According to Cars Direct, the discount maxes out at $1,500 if your new Porsche payment is less than $1,500 a month. Oh, and a trade-in is required unless your current lease has more than 181 days remaining.

This offer is available for the 2024 and 2025 Taycan and Macan EV models in the United States with Taycan prices starting at $99,400 and soaring over $230,000 for the high-end Taycan Turbo GT. The newly launched Macan Electric starts at $75,300, with the Macan Turbo Electric ringing in at $105,300 for the range-topping model.

So, while Porsche’s latest offer isn’t going to change the world, if you’ve got a lease nearing its end and are eyeing an electric Porsche, it might be worth checking if you qualify for a little extra savings.

Not long ago, premium German cars were seen as the epitome of luxury in China. For brands like Mercedes-Benz and Porsche, China was consistently their largest market, with sales surpassing those in any other country. However, as new homegrown brands have emerged, local preferences are beginning to shift toward Chinese companies and their offerings. Xiaomi is a perfect example of this shift.

Xiaomi, primarily known for being one China’s largest makers of electronics and consumer goods, producing everything from vacuum cleaners to computer monitors, fridges, suitcases, and smartphones. Then, the brand’s boss decided he wanted to build an electric vehicle. Unlike the billionaire founder of Dyson, who famously failed to launch an EV, Xiaomi has succeeded where others couldn’t, with its first electric vehicle, the SU7.

Read: Why Xiaomi Succeeded In Becoming An Automaker While Apple Failed

Customer deliveries of the SU7 started less than a year ago, and the company already has its sights set on the German establishment. The company aims to sell 350,000 EVs in China this year, thanks to the SU7 and the upcoming release of its Tesla Model Y competitor, the YU7. If Xiaomi can hit this target, it would surpass the combined EV sales of Volkswagen, Audi, BMW, Mercedes-Benz, and Porsche in China from last year, Handelsblatt reports.

Expanding Beyond China

It’s not just at home in China, where Xiaomi wants to grow its EV business. Earlier this month, the company’s president William Lu, revealed plans to expand into more markets. While he didn’t specify exact dates, he assured that Xiaomi would enter new regions “within the next few years.”

The arrival of the YU7 will mark a pivotal moment for the company. SUVs continue to dominate global sales, and there’s a strong chance the YU7 will outperform the SU7. Deliveries are set to begin in June or July, and the industry will be watching closely to see if Xiaomi can continue its rise.

Porsche has laid out its latest product roadmap during its 2025 annual conference, shedding light on the future of its lineup. The biggest news? Beyond reaffirming its commitment to a mix of combustion engines, plug-in hybrids, and all-electric drivetrains across its entire lineup well into the 2030s, the automaker is now considering adding a new gas-powered SUV to its roster. If approved, this model could join the Macan EV and Cayenne by the end of the decade.

A New SUV in the Works

The company said that it’s currently “evaluating an independent model line in the SUV segment” that would take advantage of existing “synergies”. Recent spy shots suggest this unnamed Porsche could share the Premium Platform Combustion (PPC) architecture with the next-generation Audi Q5. However, Porsche promises the new SUV will feature a distinct design with its signature styling, a more upscale interior, and a chassis setup tailored to its brand identity.

More: 2027 Porsche Cayenne Coupe Goes Electric In New Spy Shots

Earlier this year, Porsche considered offering a new generation of the ICE-powered Macan to join the Macan EV. However, these plans have been officially scrapped, and a new, standalone SUV being picked instead. Porsche has confirmed that the Macan will be sold exclusively as an EV, after the combustion-engined version will be phased out from the remaining markets.

The Future of Macan and Cayenne

As for the Cayenne, Porsche describes the upcoming fourth-generation of the mid-size SUV as a “completely newly developed and designed electric model.” The Cayenne EV will be sold alongside the current third-generation model, which will continue to be available in combustion and hybrid forms “well into the 2030s.” Spy shots confirm that the electric model will come in both SUV and coupe-SUV body styles. However, Porsche made no mention of the rumored flagship SUV, codenamed K1, which is expected to debut in 2028.

Electric 718 and a New 911 Flagship

Porsche also said that the highly anticipated electric successors to the 718 Boxster and Cayman will arrive sometime after the Cayenne EV, effectively confirming previous reports of a delay. The company also dropped a few hints about upcoming additions to the 911 lineup.

The recently refreshed 911 will soon gain a limited-edition “heritage” model from Porsche Exclusive Manufaktur, inspired by retro 1970s styling. Additionally, an all-new flagship 911 is in the works, described as a model that will “raise the bar even further” in the sports car segment – likely hinting a next-generation 911 GT2 RS.

2025 Forecast and Workforce Reductions

Porsche expects a challenging year ahead, citing increasing competition from China and geopolitical instability as key concerns. As a result, the company anticipates a drop in sales for 2025, falling below the 310,718 units delivered in 2024 – a figure that was already down 3% compared to the previous year. The company also estimates that electrified vehicles will make up 33–35% of total sales, with fully electric models accounting for 20–22%.

More: Porsche’s High Prices And Outdated Tech Are Killing Its Sales In China, Could It Happen Here?

To adapt to shifting market conditions, Porsche plans to invest an additional €800 million ($872 million) this year, focusing on product portfolio adjustments, software development, and battery technology advancements.

However, these changes come at a cost. As part of an ongoing restructuring effort, Porsche will eliminate around 1,900 jobs by 2029 through a “restrictive hiring policy” and other “socially acceptable measures.” Additionally, the company plans to reduce its global workforce by another 2,000 through the expiration of fixed-term employment contracts. A further structural overhaul is currently under negotiation, with details set to be announced in the second half of 2025.

Leadership Changes at Porsche

Porsche has also made key changes to its Executive Board. Dr. Jochen Breckner has taken over responsibility for Finance and IT, succeeding longtime executive Lutz Meschke. Meanwhile, Matthias Becker has stepped in as the new head of Sales and Marketing, replacing Detlev von Platen.

While the Xiaomi SU7 Ultra recently stole the Porsche Taycan Turbo GT’s thunder at the Shanghai International Circuit, Porsche is still eager to show the world just how potent its flagship EV is. In early February, it brought a purple Taycan Turbo GT to Brazil’s Interlagos circuit and set a new lap record at the Formula 1 track.

Behind the wheel of the Porsche was Felipe Nasr, a three-time IMSA champion and a three-time winner of the 24 Hours of Daytona. The Brazilian, who also had a stint in Formula 1, lapped the circuit in 1:42.1, almost 8 seconds faster than a Porsche Taycan Turbo S, and dropping almost a second to a 911 Turbo S, which lapped the same track in 1:43.087.

Read: Xiaomi SU7 Ultra Smashes Taycan Turbo GT’s Lap Record At Shanghai Circuit

It doesn’t come as much of a surprise that the Taycan Turbo GT set a new record given its specifications. Power comes from a pair of electric motors with a combined 1,019 hp, and as a recent Car and Driver test revealed, it can hit 60 mph (96 km/h) in under 2 seconds.

While storming down the curved main straight of the circuit in Interlagos, the Porsche topped out at 272 km/h (169 mph) with Nasr behind the wheel. It launches out of the circuit’s high-speed corners like a rocket, picking up speed in a way that beggars belief. Of course, it’s nowhere near as quick as a Formula 1 car at the track, as they can lap the circuit in less than 1:08. Nevertheless, for a production car, the Taycan Turbo GT’s time is very impressive.

“It’s amazing how quickly the car accelerates and delivers its power,” Nasr said after his run. “The steering of the Taycan Turbo GT was very precise in the slow corners and remained stable even under heavy braking. The balance, the grip – a real performance machine.”

The record lap car had the optional Weissach performance package and was fitted with Pirelli Trofeo RS tires. Last year, the same car lapped WeatherTech Raceway Laguna Seca in just 1:27.87, making it one of the quickest production cars to ever go around the Californian circuit.