Porsche has just stunned the world by stating that its Mission E electric sedan will be put into production by 2020. The stunning 600-horsepower all-electric four-seater concept was unveiled earlier this year at the Frankfurt Motor Show and looked like a proper answer to the Telsa Model S. The electric concept was rumored to make more than 600 hp thanks to four electric motors-one on each axle-and has a zero to 62 mph time of under 3.5 seconds. Thanks to a lithium-ion battery pack, the Mission E has a range of more than 300 miles.

All of this seemed too good to be true, but it looks like Porsche is actually making it happen and is promising that the vehicle will make it to the road "at the end of the decade." With a range of over 300 miles, the Mission E would become the usable electric sports car that the world desperately needs, but there's no word on how much of the technology will make it to the actual vehicle. Chairman of the Supervisory Board of Porsche AG, Dr. Wolfgang Porsche, believes that the upcoming Mission E will become the future for the automaker. "With Mission E we are making a clear statement about the future of the brand," he said. The all-electric Mission E will be good for the planet and the economy.

In addition to being able to save the world, the Mission E will create 1,000 new jobs as Porsche will invest roughly $765 million in updates to the its factory in Stuttgart-Zuffenhausen. According to Chairman of the Porsche Executive Board Dr. Oliver Blume, the Mission E would still drive like a Porsche. "We are resolutely taking on the challenge of electric mobility," stated Blume. "Even with solely battery-powered sports cars, Porsche is remaining true to its philosophy and offering our customers the sportiest and technologically most sophisticated model in this market segment." With its blistering performance, incredible looks and pretty good range, we're sure the Mission E won't be cheap when it hits the road.