In a massive step forward, Porsche claimed that 6 years from now half of all the vehicles they sell will be electrified.
The Mission E (pictured above in concept form) is to be Porsche's first all electric vehicles (they produce a number of plug-in hybrid models already). That car should be on sale in 2019, where they will except it to move more than 20,000 units a year. That's pretty significant for a car manufacturer that only sold a grand total of 230,000 units worldwide in total last year. The concept version had a range of around 500 kilometers, and a 0-60 mph acceleration of about 3.5 seconds. We should probably expect similar numbers for the upcoming production version.
To reach that goal, one has to expect that more all electric models will follow. Indeed, the CEO now says an all electric vehicle in the mold of the Macan is coming (which means we should except a small SUV or crossover). It's entirely possible more will follow by 2023 in order to meet this target.
All this comes as Jaguar has begun mass production of it's electric I-PACE model. The vehicle is expected to hit showrooms in Europe before the end of this year, and in America in early 2018. BMW, Mercedes, and Audi all have their own luxury SUV's planned as well. If the i-PACE sells well, we could soon see a very crowded luxury EV sector.