Porsche to axe its first-ever EV by 2030 – report

The Porsche Taycan electric vehicle (EV) is reportedly on borrowed time, despite recent comments from Porsche CEO Michael Leiters that the model would not be discontinued in the short term.

German publication Wirtschaftswoche (via Autocar ) reports Porsche plans to gradually phase out the Taycan between now and 2030, rather than axe it immediately.

This move has reportedly been agreed upon with the Porsche works council, but has yet to be formalised.

The Taycan, unveiled in 2019 and launched in Australia in 2021, was recently named among several potential casualties of cost-cutting measures at Porsche and parent Volkswagen Group .

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Those measures reportedly include plans to halve the number of model lines offered across Volkswagen Group brands including Skoda, Seat, Cupra and Audi, as well as Porsche.

Responding to reports about the Taycan's future, Mr Leiters recently told Frankfurter Allgemeine Zeitung the EV would remain on sale in the short term .

“Model streamlining doesn't necessarily mean discontinuing entire model series. Often, it's about eliminating variants,” Mr Leiters said.

“We've already started doing that. With the Taycan, we will further reduce the number of models [variants] and thus decrease complexity.

“We have no plans to discontinue the Taycan in the short term. We've invested heavily in the model and want to monitor how demand develops.”

The Taycan is similar in size to the Panamera , which is currently offered with petrol and plug-in hybrid powertrains.

Porsche has previously confirmed plans for an electric Panamera , though it hasn't announced launch timing or detailed specifications, and has said the battery-powered model would sit alongside the Taycan rather than replace it.

In 2024, when the Panamera EV was confirmed, Taycan product line boss Kevin Giek told the company had a “high interest to keep [the Taycan] as a long-lasting car line, like the 911”.

However, after reaching a record 40,629 sales in 2023, Taycan sales fell to 16,339 in 2025, with Porsche cutting production as demand weakened.