An all-electric version of the Porsche Cayenne SUV will be revealed later this year, CEO Oliver Blume said in a Q&A following the announcement of the automaker’s 2024 financial results Wednesday.
“We are going to present it to the world for the first time at the end of the year,” Blume said, adding that the reveal will take place on the West Coast.
Electric Porsche Cayenne prototype
Porsche confirmed the electric Cayenne almost exactly two years ago, although it had been mentioned as a possible addition to its product pipeline prior to that. Like the smaller electric Porsche Macan, the Cayenne will share a name with current gasoline and plug-in hybrid versions of that SUV, but is expected to ride on a separate, EV-specific architecture.
Those current non-hybrid and plug-in hybrid models will be sold alongside the electric Cayenne for the rest of the decade perhaps into the 2030s as well, Porsche said last summer. Again, the strategy follows the electric Macan, which is being sold alongside outgoing-generation gasoline models for the time being.
Electric Porsche Cayenne prototype
Porsche has walked back its electrification goals amid what the automaker has said are slow EV sales. It previously expected 50% of its global sales to be EVs and plug-in hybrids by this year, and planned to begin winding down gasoline car sales in 2026 with the discontinuation of the gasoline Macan and 718 Boxster and Cayman sports cars, on its way to 80% EV sales by 2030.
More recently, Porsche has said it will continue combustion-engine development longer than planned. The automaker reported 27% EV and plug-in hybrid sales for 2024, and now expects those models to account for 33%-35% of its global sales in 2025, with 20%-22% being all-electric.