Porsche’s new CEO, Michael Leiters, has publicly confirmed the electric 718 Boxster and Cayman are still in development, calling the project a “great car.” The statement follows years of anticipation since Porsche first announced the electric shift for its entry-level sports cars in 2022. The delay in launch, now expected past the original mid-decade target, has fueled speculation about the project’s fate, which Porsche has now denied.
Testing and Validation: CEO Praises Prototype Performance
Leiters drove the electric 718 during a product portfolio review and confirmed its quality. He stated, “I can share that we have tested the whole product portfolio last week, and I have driven several times now, 718. And I can tell you that it is a great car and people are doing a great job working on that.” This endorsement comes after Porsche Australia’s Managing Director, Daniel Schmollinger, also praised a prototype, describing its handling as “amazing” and retaining the “go-karty feeling” expected from the 718 lineup.
These statements matter because the automotive industry is moving towards electrification, but sports car enthusiasts often resist electric models due to concerns about handling and driving experience. Porsche must convince buyers that the electric 718 will deliver the same performance as its gas-powered predecessor.
Hybrid Approach: Combustion Engines to Return
Porsche originally planned to replace the internal combustion engine (ICE) models entirely with EVs. However, the company has reversed course, announcing that ICE versions will return for high-end trims later this decade. This decision reflects market pressures and a desire to cater to buyers who prefer traditional engines. Production of the gas-powered 718 ceased in October, but Porsche will bring back ICE versions in the future.
Cost Savings: Collaboration with Audi
To streamline development and reduce costs, Porsche is increasing collaboration with Audi. The company has already paid Audi €1 billion for shared technology, including the Q5-based crossover and other joint projects. This includes the Audi Concept C, an electric roadster with a retractable targa roof that will enter production within two years.
The synergy between Porsche and Audi is standard in the industry as brands seek to reduce R&D costs, but it also raises questions about brand identity and whether the shared platform will dilute the unique appeal of Porsche’s sports cars.
Launch Timeline: Expect Delays
Porsche will provide more details this fall, but deliveries of the electric 718 are unlikely before 2027. Despite industry skepticism, the electric 718 will compete with the MG Cyberster and the Alpine A110, though the French brand may also reconsider combustion engines.
Porsche’s commitment to both electric and gas-powered 718 models reflects a pragmatic approach to electrification, balancing future-proofing with current market demands. The success of the electric 718 will hinge on delivering a driving experience that lives up to Porsche’s performance standards.
