Porsche says it has collected more than 20K deposits for its Taycan electric car

Porsche Mission E concept

Porsche claims that customers are seriously interested in its first mass-produced electric car, the Taycan. The automaker claims that more than 20,000 people around the world have put down four-figure deposits for the car, which doesn’t go on sale until the end of the year. That’s not anywhere close to what the Tesla Model 3 initially attracted, but the Taycan (pronounced “tie-con”) will have a higher starting price, and the volume of deposits has already required Porsche to increase first-year production.

Taycan buyers are being asked to put down deposits with Porsche dealers (the company itself does not collect any money) to reserve a car. CNET notes that the deposit amount in Europe is 2,500 euros (about $2,800). The amount of the deposit could be different in other markets, but it nonetheless shows that customers are willing to open their wallets without having seen the finished car.

Porsche originally planned to build 20,000 Taycans in the first year of production. But in January, the automaker told CNBC that it would double production to meet demand. The electric car will be built in the same German factory that makes Porsche’s bread-and-butter 911 sports car, as well as the 718 Boxster/Cayman twins. The factory is getting an upgrade to handle Taycan production.

Porsche has been teasing the Taycan since the debut of the Mission E concept (pictured above) in 2015, but the car should be worth the wait. The Taycan will have up to 600 horsepower, and will do zero to 60 mph in 3.5 seconds, according to Porsche. The automaker also forecasts around 300 miles of range. The Taycan will feature a 350-kilowatt, 800-volt fast-charging system that can provide an 80-percent charge in under 20 minutes.

That sounds pretty good, but it hinges on Porsche’s ability to ensure that enough high-powered charging stations are built to meet demand, similar to Tesla’s buildup of its Supercharger network. In the United States, Porsche is working with Electrify America on charging infrastructure. That’s the organization created to spend Porsche parent Volkswagen’s diesel-emissions penalties on promoting zero-emission vehicles. Porsche will even give Taycan customers three years of free unlimited charging at Electrify America stations.

The Taycan’s price will fall between  those of the Cayenne and the Panamera, Porsche has said. That means a starting price of around $75,000, putting the Taycan in the same price range as the Tesla Model S, as well as the Audi e-tron and Jaguar I-Pace SUVs. The Taycan will be the only electric sedan from a traditional luxury automaker, at least until Audi’s e-tron GT arrives.


Fiat wants to transform the cheeky 500 city car into an urban Tesla

Fiat is finally preparing a new 500. Scheduled to make its debut in early 2020, the retro-chic city car will go electric in part to comply with looming emissions regulations.

Tesla lets you skip the dealership, order a car from the comfort of your couch

Tesla has always bypassed traditional dealerships, and it has now adopted an online-only sales model that lets customers configure and order their car without leaving their couch. Here's what you need to know.

Adventurous and electric, Porsche’s second station wagon will arrive in 2020

The Mission E Cross Turismo concept Porsche unveiled during the 2018 Geneva Auto Show will morph into a production model tentatively named Taycan Cross Turismo. This 600-horsepower electric station wagon will arrive in showrooms by 2021.

James Bond may ditch his V12 Aston Martin for electric power, report says

James Bond may take the wheel of an electric car in the next 007 movie, reports British newspaper The Sun. The car in question would be the Aston Martin Rapide E, the British automaker's first all-electric model.

Tesla wirelessly gives the Model 3 a 5-percent increase in power

Tesla again showed the potential of its innovative over-the-air software updating system by making the Model 3 five percent more powerful via a firmware update. The Performance model gained 23 horsepower.

Say goodbye to Uber for good: Here's how to cut ties with the ridesharing service

If you thought that deleting the Uber app would also delete your account, think again. You'll have to deactivate your account, then wait 30 days in order to do so. Here, we outlined how to delete your Uber account once and for all.
Product Review

Who needs a Range Rover? BMW’s X7 has better tech and just as much luxury

The 2019 BMW X7 is the German automaker’s long-overdue entry into the full-size luxury SUV segment. Packing three rows of seats and plenty of tech, can the new BMW take on Mercedes-Benz and Land Rover?

FWD vs. RWD vs. AWD: How the wheels that turn change the way you drive

Let's face it, you've likely heard front-, rear-, and all-wheel drive mentioned before in some context or another. But what do these terms mean, especially in terms of performance? We’ve got the answers.

Shift it yourself: How to drive stick in a manual transmission car

Driving a manual transmission car might seem intimidating at first, but it's not as difficult as you might think. Knowing how to operate this type of gearbox will serve you well. Here's everything you need to know to learn how to drive…

Waymo boosts robo-taxi plans with new service center in Arizona

Waymo has announced plans for a facility in Phoenix, Arizona, that will help to service, maintain, and grow its fleet of autonomous Waymo One cars. The vehicles operate as part of the company's robo-taxi ridesharing service.

Vivint’s Car Guard keeps tabs on your vehicle when you’re not in it

A simple plug-in that you can place in just about any vehicle, Vivint's new Car Guard will automatically detect if your car is bumped, towed, or stolen and will alert you about it.

2020 Mercedes-Benz GLC coupe gets a tech upgrade, keeps quirky styling

The 2020 Mercedes-Benz GLC coupe debuts at the 2019 New York Auto Show with an upgraded infotainment system that incorporates Mercedes' digital assistant. The SUV launches later this year with turbocharged four-cylinder power.

This modified Land Rover Discovery is heading to Africa to help fight malaria

A Land Rover Discovery will be used by the Mobile Malaria Project for a 3,900-mile trek across Africa to study malaria. The SUV is equipped with a mobile gene-sequencing laboratory, as well as everything necessary for serious off-roading.

Volvo wants to use speed limiters, in-car cameras, and data to reduce crashes

Volvo believes new tech is the best way to improve car safety. The Swedish automaker will let owners set speed limits when loaning out their cars, install cameras to monitor drivers, and use data to design better safety features.