Porsche and Opel Cancel EV Plans

Because the market predictions, which were not based on the market, but on government pronouncements, were wrong. Another German automaker just walked away from big EV plans

OK, to be fair, early on some of the enthusiasm was based on hype. That seems to have been toned down, once reality hit.

Volkswagen’s luxury sports car brand, Porsche, announced this week that it no longer plans to build EV batteries in-house.

Cellforce, Porsche’s high-performance EV battery company, will shrink and only focus on research and development, rather than production.

It turns out that Americans who want a Porsche, don't want an electric Porsche.

A separate report from German magazine WirtschaftsWoche claimed on Wednesday that Porsche is on the hunt for a new CEO to replace Oliver Blume.

Opel is also dropping its "all electric" plans."

Porsche isn’t the only German automaker adjusting EV plans. Opel is one of the many brands under the Stellantis Group, alongside Jeep, Ram, Peugeot, Citroën, Fiat, and several others.

Although it was one of the many automakers to commit to offering an all-electric lineup, it’s now backing off its promise.

I learned to drive a manual transmission in an old Opel, so this made me smile.

The hat tip goes to MGUY Australia and his video Porsche SLASHES battery factory as Opel ABANDONS EV-only future

Nobody wants an electric sports car. That's the bottom line.