Welcome Porsche for an opening to an electric dynamo, the Porsche Mission E, an all-electric car that the Volkswagen Group has vouchsafed to spend $1 billion developing and will go on sale at the end of 2019.
Though, its price will be right between a base version of the Tesla Model S 75 and Tesla Model S 100D, which flinch at $69,500 and $94,000, respectively.
Porsche will produce Mission E concept car. The Mission E is expected to go on sale at the end of 2019 Courtesy of Porsche AG
Porsche first revealed the Mission E concept in 2015 at the International Auto Show in Frankfurt.Now, the company is forming to send its models onto public roads, Chairman Oliver Blume told CAR, which first reported the sales date.
The all-electric four-door sports car is designed to sit between the Panamera and the 911 in Porsche’s portfolio and it will be estimated like an entry-level Panamera, which is $85,000, Blume told CAR.
This will be an all-electric car, too—no gyrating to a hybrid. This will be the company’s first all-electric car, marking a major milestone in the division’s history. Previously, it introduced plug-in electric hybrids such as the Panamera S E-Hybrid.
Ever since Porsche first revealed the concept, it’s been called the next Tesla rival or “killer.” But by 2019, more than just Tesla will have the all-electric luxury, and mainstream, vehicles in the marketplace. However, it’s confirmed that Tesla will take a lead ahead.