Porsche is reportedly evaluating the possibility of halting development of electric versions of its 718 Boxster and 718 Cayman models. The decision is part of the company’s efforts to control expenses amid rising costs. The final determination on the project has not yet been made.
The potential cancellation reflects a reconsideration of Porsche’s approach to expanding its electric vehicle lineup. The move could affect the brand’s future offerings and overall EV strategy.
**Why this matters**
The 718 Boxster and Cayman are key sports car models for Porsche, and their electrification was seen as a significant step in the company’s transition to electric vehicles. Pausing or canceling these projects may signal a shift in priorities or challenges in balancing innovation with financial constraints in the evolving automotive market.
Source: NewsData