Porsche Targets More Than 80% All-Electric New Vehicle Sales By 2030

Porsche Targets More Than 80% All-Electric New Vehicle Sales By 2030

Over the past financial year, Porsche AG has underpinned its position as one of the world's most profitable automobile manufacturers. The Stuttgart-based sports car manufacturer reached a new all-time high in both sales revenue and operating profit.

OneShift Editorial Team
OneShift Editorial Team
21 Mar 2022

Sales in 2021 were €33.1 billion, €4.4 billion more than in the previous year, representing growth of 15 percent (previous year's sales: €28.7 billion). Operating profit was €5.3 billion, exceeding the previous year's figure by €1.1 billion (plus 27 percent). Porsche thus generated an operating return on sales of 16.0 percent (previous year: 14.6 percent).

In 2021, Porsche delivered 301,915 vehicles to customers worldwide. This means that the 300,000 mark was exceeded for the first time in the company's history. The best selling models were the Macan (88,362) and the Cayenne (83,071). Delivery figures for the Taycan more than doubled: 41,296 customers took delivery of the first all-electric Porsche, overtaking the 911 range (38,464 units sold).

Last year, almost 40 percent of all new Porsche vehicles delivered in Europe were already at least partly electric – i.e. plug-in hybrids or fully electric models. In addition, Porsche had announced its intention to be carbon-neutral by 2030. In 2025, half of all new Porsche sales are expected to come from the sale of electric vehicles, and in 2030, the share of all new vehicles with an all-electric drive should be more than 80 percent.

In 2021, Porsche increased its deliveries in all global sales regions, including Asia Pacific. Once again, the highest-volume individual market was China. With almost 96,000 deliveries, an increase of eight percent was recorded here compared to 2020. Porsche grew rapidly in North America: In the United States, the number of deliveries rose by 22 percent to more than 70,000 units. A positive development was also observed in Europe: In Germany alone, Porsche increased its new vehicle deliveries by nine percent to almost 29,000 units.

Credits:

International News
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