Porsche Shoots For 20,000 Electric Car Sales

By Douglas A. McIntyre Updated Jan 12, 5:25PM EST · Published Nov 27, 7:00AM EST

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Porsche Shoots For 20,000 Electric Car Sales — © Porsche Cars North America

to automobilwoche (Google Translate)

Porsche CEO Oliver Blume expects a great demand for the brand’s first purely electric sports car. Other models could soon be driven with electricity.

Mission E: The electric car from Porsche is only the start for other power cars of the sports car brand. (Photo: Porsche)

Munich. Porsche expects its first purely electric model with a great demand. “We have calculated the mission E with a piece of the order of about 20,000,” said Porsche CEO Oliver Blume of the Automobile Week. In comparison, last year the Porsche 911 sold 31,350 units worldwide. The mission E is to be launched in the year 2019 and has a range of 500 kilometers. The four-seater will be built at the Stuttgart headquarters in Zuffenhasen

The announcement shows just how much pressure Tesla (NASDAQ: TSLA) has in the year ahead. It is not th only competitor in the high end of the electric car business. Among others Merdecedes and BMW have ambitious plans

GM (NYSE: GM) has started to sell the Chevy Bolt, aimed at a much lower end of the market. However, if it is successful, it is not hard to imagine that the same tech could be put into Cadillac

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.