And undercut the Tesla Model 3, in the process.
Porsche is gearing up to bring its first electric vehicle to market. But before it announces pricing, Automotive News Europe gives us an indication at how much the Taycan will cost.
"We're expecting a price somewhere between a Cayenne and a Panamera," the vehicle's model line director Robert Meier revealed. That ought to place it (give or take a few thousand) around $75,000 in the US, where the Cayenne starts just over $65k and the Panamera at $85k. At that rate, it'd undercut even the base Tesla Model S, which starts in 75D spec at $77k (before government incentives).
The positioning makes sense considering the roots of the project. Porsche originally planned on producing a smaller, more affordable counterpart to the Panamera, much as the Macan slots in below the Cayenne. That plan eventually morphed into the Mission E project that gave birth to the four-door Taycan electric performance sedan.
That price may prove just the starting point, though. ANE reports that a more potent version could follow – potentially dubbed the Taycan Turbo S – with a price tag closer to double the launch version. That initial model will be no slouch on its own, though.
With over 600 horsepower, the Taycan will reach 62 mph in under 3.5 seconds and lap the Nürburgring in less than eight minutes. That'd make it the fastest EV ever to round the Nordschleife, where Porsche's 911 GT2 RS and 919 Evo rein king.
To unleash Porsche levels of performance, the automaker is employing a pair of permanently excited synchronous electric motors. "Asynchronous e-motors are clearly more affordable," said Meier. But you can "only overload the motor once when you want high dynamic acceleration before it quickly reaches its limits the second or third time. That's fine for most electric cars but not for a high-performance Porsche."