Porsche weighs scrapping electric models as costs climb

Group 1 - Porsche is considering abandoning electric versions of its 718 Boxster and Cayman due to budget pressures and development delays [1][2] - The petrol-powered Boxster and Cayman, which will be discontinued in 2025, had entry prices around €70,000 ($82,754) and were among Porsche's lower-priced models [2][5] - The company is facing softer demand in China and financial burdens from reversing parts of its EV strategy, alongside technical challenges related to a potential plug-in hybrid alternative [2][4] Group 2 - A decision to scrap the electric models could lead to significant delays in relaunching, risking the introduction of outdated technology at a time when Porsche needs to generate interest in new models [3] - Porsche has lowered its outlook four times last year, shifting focus back to combustion engines and hybrids, which has also affected parent company Volkswagen [4] - The company has warned that its EV strategy correction could reduce operating profit by up to €1.8 billion in 2025, and it has highlighted the impact of US import tariffs in its largest market [4]