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<ul class="summary-list"><li>US sales of the new <keyword id="6605685" type="UNKNOWN" weightage="60" keywordseo="Porsche-Taycan">Porsche Taycan</keyword> EV in Q3 beat out established models like the 911, 718, and Panamera.</li><li>The Taycan sold 1,858 examples to the 911’s 1,567, the 718’s 1,084, and the Panamera’s 1,064.</li><li>This is all despite the Taycan having a starting price of $103,800 — the highest starting price of any <keyword id="45673" type="CITY" weightage="60" keywordseo="Porsche">Porsche</keyword> model.</li></ul><p>The <a href="https://www.businessinsider.com/category/porsche-taycan">Taycan</a> — Porsche's first production electric car that's also <a href="https://www.businessinsider.com/porsche-taycan-rose-gold-electric-vehicle-ev-2021-paint-colors-2020-8">available in rose gold</a> — might be new, but it isn't taking much time to warm up to buyers. Outside of the company's SUVs, the new EV was the highest-selling Porsche model in the US in Q3.</p><p>Those models are historically low-volume sellers to begin with, but it's surprising nonetheless, especially given that the $104,000 Taycan has the highest base price of any Porsche model. </p><p>Porsche <a href="https://newsroom.porsche.com/en_US/company/porsche-cars-north-america-retail-sales-third-quarter-2020-22498.html">announced its Q3 sales figures</a> on Thursday. In total, the automaker sold 15,548 cars from July through September. It noted that there was a 5% increase in sales over the same time last year. </p><p>The best-selling car was the smaller Macan SUV, with 5,466 cars sold. Then came the bigger Cayenne SUV, with 4,509 cars sold. Porsche's third best-selling car was the Taycan, which sold 1,858 examples.</p><p>That beats out the number of Porsche 911s (1,567), 718s (1,084), and Panameras (1,064) sold. </p><p>Note that sports coupes, convertibles, and sedans — which define the above three — don't exactly lead the sales charge in today's market. What <em>is</em> surprising is that the Taycan was still more popular with buyers, despite its sedan body style and its higher entry price tag. </p><p>The Taycan also starts at $103,800 for the 4S model, which is more than the starting prices for the 911, 718, and Panamera. In fact, it has the highest starting price of <a href="https://www.porsche.com/usa/models/taycan/">any Porsche model currently being offered in the US</a>. </p><p>Plug-in car sales accounted for about 2% of all light-duty car sales in the US last year, according to the <a href="https://www.energy.gov/eere/vehicles/articles/fotw-1136-june-1-2020-plug-vehicle-sales-accounted-about-2-all-light-duty">Department of Energy</a>. The Taycan accounted for 12% of Porsche's sales in Q3 alone. How the Taycan will sell through the rest of 2020 overall remains to be seen, but these are solid numbers to start out with.  </p><p>Porsche says its Q3 figures were improved over its <a href="https://newsroom.porsche.com/en_US/company/porsche-cars-north-america-retail-sales-second-quarter-2020-21395.html">Q2 figures</a>, which were down due to COVID-19 lockdowns. </p>

The Taycan EV was Porsche's 3rd best-selling car in Q3, beating out established names like the 911

<ul class="summary-list"><li><keyword id="12153707" type="UNKNOWN" weightage="60" keywordseo="volkswagen" source="Orion">Volkswagen</keyword> is in "advanced discussions" about a potential spin-off of its <keyword id="12003683" type="UNKNOWN" weightage="60" keywordseo="porsche" source="Orion">Porsche</keyword> division.</li><li>A standalone Porsche could be worth almost as much as <keyword id="12329283" type="UNKNOWN" weightage="60" keywordseo="vw" source="Orion">VW</keyword>'s current €110 billion market cap.</li></ul><p>Volkswagen Group said Tuesday that it is in "<a href="https://www.volkswagenag.com/en/news/2022/02/Volkswagen_AG_is_in_advanced_discussions_with_Porsche_Automobil_Holding_SE.html">advanced discussions</a>" with its largest shareholders about an initial public offering of Porsche division, confirming earlier reports from <a href="https://www.manager-magazin.de/consent-a-?targetUrl=https%3A%2F%2Fwww.manager-magazin.de%2Funternehmen%2Fautoindustrie%2Fvolkswagen-mit-apollon-artemis-und-trinity-soll-vw-zur-techcompany-werden-a-00000000-0002-0001-0000-000175390522">Manager Magazin</a> and <a href="https://www.bloomberg.com/news/articles/2021-02-18/volkswagen-is-said-to-weigh-listing-of-porsche-sports-car-brand?sref=aPhxMSeh">Bloomberg</a>.</p><p>Analysts estimate the brand could have an IPO valuation in the range of €90 billion to €110 billion ($102 billion to $124.5 billion), according to the <a href="https://www.wsj.com/articles/volkswagen-in-advanced-talks-over-porsche-ipo-11645525495">Wall Street Journal</a> and Bloomberg, respectively.</p><p>That's roughly equal to VW's current market cap around €110 billion, despite the division making less than 3% of the total vehicles sold by the VW Group. </p><p>Although Porsche's unit sales are relatively small, the brand's pre-pandemic operating profit margin was roughly double that of VW-badged passenger cars, and Porsche's profits contributed one-third of VW's total profits in 2021.</p><p>But that higher profitability isn't the only reason for a supercharged valuation — analysts are also eyeing the company's electric future. one reason. </p><p>By offering 25% of Porsche in an IPO, VW could raise between €23 billion and €27.5 billion ($26 billion to $31 billion) in fresh capital, the Journal reported. Those funds could be put to use in Porsche and VW's continued push into electrification as the companies aim to compete with Tesla.</p><p>Porsche has a goal of becoming all-electric by 2030 — apart from the 911 — led by its existing Taycan and forthcoming Macan EV models.</p><p>Before the deal can proceed however, VW must convince both its board of directors, which includes representatives from labor unions and state government, as well as its majority shareholders.</p><p>The shareholders in question – heirs of Ferdinand Porsche, who designed VW's iconic Beetle – are represented by Porsche Automobil Holding, which controls 53% of VW's stock, while VW owns the Porsche brand.</p><p>VW is the second-largest automaker in the world after Toyota, making brands including Audi, Lamborghini, Bentley, Porsche and more. </p>

Porsche could be worth almost as much as its parent company Volkswagen, even though it sells just 3% of VW Group's cars

<ul class="summary-list"><li>The <keyword id="12319548" type="UNKNOWN" weightage="60" keywordseo="porsche-taycan" source="Orion">Porsche Taycan</keyword> EV is starting to outsell the brand's iconic 911. </li><li>During the first nine months of 2021, <keyword id="12003683" type="UNKNOWN" weightage="60" keywordseo="porsche" source="Orion">Porsche</keyword> sold several hundred more Taycans than 911s. </li></ul><p>In only its second full year in production, Porsche's first electric model is starting to outsell its longtime flagship sports car, <a href="https://www.businessinsider.com/2020-porsche-911-carrera-s-review-price-specs-photos-power-2020-8">the 911</a>.</p><p>It's the latest sign that <keyword id="11897958" type="UNKNOWN" weightage="60" keywordseo="electric-vehicles" source="Orion">electric vehicles</keyword>, which have made up a tiny fraction of global vehicle sales for years, are gaining traction. </p><p>Porsche sold 28,640 Taycans worldwide during the first nine months of 2021, the company said Friday. It delivered 27,972 911s over that period. The Taycan is also outpacing the 911 in the US, selling 1,861 units compared with the 911's 1,621. </p><p>Porsche launched the <a href="https://www.businessinsider.com/porsche-taycan-4s-review-0-60-price-range-ev-electric-2020-11">Taycan</a> in 2019 as a high-powered, four-door sport sedan that competes with the Tesla Model S. In early 2021, Porsche added a new <a href="https://www.businessinsider.com/porsche-taycan-4s-review-ev-electric-sedan-tesla-lucid-mercedes-2021-3">base version of the Taycan</a> that costs $82,700. It recently introduced a roomier, station-wagon variant called the <a href="https://www.businessinsider.com/porsche-taycan-4s-turbo-s-cross-turismo-ev-wagon-ebikes-2021-3">Taycan Cross Turismo</a>. The Cross Turismo rides a bit higher than the regular Taycan so owners can take it on dirt roads and gravel paths. </p><p>Porsche, a brand under the Volkswagen Group umbrella, wants at least 80%of  the vehicles it sells to be either fully electric or hybrid by 2030. A battery-powered version of its popular Macan SUV is due in 2023, but don't expect an electric 911 anytime soon. </p><p>CEO Oliver Blume, <a href="https://www.cnbc.com/2021/03/19/porsches-ambitious-ev-plans-dont-include-an-all-electric-911.html">told reporters</a> in March that the 911 will be the last Porsche to go electric, if it ever does. </p>

Porsche is selling more electric Taycans than its flagship sports car

<keyword id="45673" type="General" weightage="100" keywordseo="porsche" source="Orion">Porsche</keyword> unveiled plans to launch a new all-electric SUV as it reported a rise in sales and profit in its first annual earnings since parent Volkswagen took the sports-car maker public last year, according to the <keyword id="6384660" type="General" weightage="50" keywordseo="wall-street-journal" source="Orion">Wall Street Journal</keyword>.<br /><br />The German company said on Monday that the new luxury SUV would be a cornerstone of its plan to boost profitability by having a sharper, strategic focus on high-end automotive consumers.<br /><br />While Porsche has always made high-end vehicles, like the iconic 911 and its all-electric sedan, the Taycan, the company is seeking to follow rivals like Ferrari, Mercedes-Benz Group and <keyword id="91409" type="General" weightage="50" keywordseo="aston-martin" source="Orion">Aston Martin</keyword> Lagonda Global Holdings in targeting the growing ranks of the world's wealthiest consumers, <keyword id="51124" type="General" weightage="50" keywordseo="wsj" source="Orion">WSJ</keyword> said.<br /><br />"We are underlining and strengthening our sporty luxury positioning," said Porsche Chief Executive Officer <keyword id="3078430" type="General" weightage="50" keywordseo="oliver-blume" source="Orion">Oliver Blume</keyword>. "We see there are growing profit pools in this segment, especially in China and the US."<br /><br />Blume did, though, add that the design of the new all-electric SUV would feature Porsche's typical curving front-to-rear fly line, give a strong electric performance and include a range of fully automated functions. The SUV will be based on Porsche's own performance EV technology, WSJ said.<br /><br />Porsche was among the first high-end sports carmakers to venture into the growing SUV market when it launched the Cayenne in 2002. According to WSJ, The success of the vehicle, and its smaller cousin, the Macan, launched in 2014, inspired other luxury carmakers including Bentley and Lamborghini to develop their own luxury SUVs.<br /><br />The Wall Street Journal said an all-electric version of the Macan is due to be launched next year after a delay because of troubles with VW's software. An all-electric version of the 718 sports car is slated to come to market next year, followed later by the launch of a new electric generation of the company's Cayenne SUV. VW holds 75 per cent of Porsche.<br /><br /><strong>SEE ALSO:<br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/avoid-ai-chatbots-that-dont-appear-on-companys-website-or-app-warn-researchers/articleshow/98629176.cms">Avoid AI chatbots that don't appear on company's website or app, warn researchers</a></strong><br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/mfs-add-shares-of-indigo-paytm-pvr-nazara-technologies-among-others-in-february/articleshow/98630434.cms"><strong>MFs add shares of Indigo, Paytm, PVR &amp; Nazara Technologies among others in February</strong></a><br />

Porsche plans new electric luxury SUV as profit rises

<ul class="summary-list"><li>The <keyword id="6605684" type="UNKNOWN" weightage="60" keywordseo="Taycan">Taycan</keyword> is <keyword id="45673" type="CITY" weightage="60" keywordseo="Porsche">Porsche</keyword>'s first EV and comes in four trims: the $79,900 base Taycan, $104,000 4S, $151,000 Turbo, and $185,000 Turbo S.</li><li>My 4S loaner came to $143,690 after options.</li><li>On paper, Porsche's iconic gas-powered 911 Turbo S is faster. But in practice, the Taycan 4S feels like it has warp drive.</li></ul><p>The luxury electric car space is saturated with the likes of Tesla, Lucid, Polestar, Audi, and Jaguar. But one of the biggest names to recently enter is the Taycan sport sedan, which is, quite literally, the Porsche of <keyword id="312660" type="COMPANY" weightage="60" keywordseo="EVS">EVs</keyword>. That alone is worth paying attention to.</p><p>I'm not typically one to doggedly heap praise on a brand, but I'm making a begrudging exception here. Porsche knows what it's doing. The Porsche 911<em> is</em> the 911, and the 718 models are modern automotive perfection. Even its compact SUV, the Macan, handles like a sports car way more than it has any right to. </p><div type="image" title="2020 Porsche Taycan 4S_KL_31" height="1667" width="2500" msid="79430964" hostid="261"></div><p>My point here is, this is a company that knows how to build a car, and build one well.</p><p>The Taycan is Porsche's first attempt at making an EV - a first attempt with all the money and resources that the automotive giant Volkswagen Group can throw behind it. </p><p>If that didn't spoil the review verdict for you already, I will: It's a damn fine first crack.</p><h2><strong><div type="image" title="2020 Porsche Taycan 4S_KL_14" height="3750" width="2500" msid="79430966" hostid="261"></div>From 'Mission E' to 'soul of a spirited young horse'</strong></h2><p>The Porsche Taycan started life as a concept called the Mission E, which <a href="https://money.cnn.com/2015/09/15/autos/porsche-debuts-first-electric-car-mission-e/index.html">debuted at the 2015 Frankfurt Motor Show</a>. The Mission E spent the next four years tooling around, <a href="https://jalopnik.com/porsche-is-considering-a-sporty-electric-coupe-based-on-1823715771">sparking rumors</a> and noiselessly touring places like <a href="https://jalopnik.com/the-porsche-mission-e-ushers-in-our-terrifyingly-fast-a-1819911348">Germany's famed Nürburgring track</a>. </p><p>Finally, <a href="https://www.automobilemag.com/news/porsche-taycan-first-impressions-from-the-2019-frankfurt-auto-show-floor/">at the 2019 Frankfurt Motor Show</a>, the production version of Porsche's first EV appeared with a Turkish name that <a href="https://newsroom.porsche.com/en/products/porsche-taycan-name-meaning-soul-spirited-young-horse-electric-sports-car-electromobility-emobility-16292.html">roughly translates</a> to "soul of a spirited young horse." Sure!</p><div type="image" title="2020 Porsche Taycan 4S_KL_2" height="1667" width="2500" msid="79430969" hostid="261"></div>To be extra certain there would be no pronunciation mixups, Porsche even <a href="https://www.youtube.com/watch?v=t8oixMu703s">made a video</a> telling us how to say the car's name properly - just like <a href="https://www.youtube.com/watch?v=Im2eYuGdmfY">the video it made telling us how to say "Porsche" correctly</a> because <a href="https://www.youtube.com/watch?v=nxKlWWb-UuU">certain clowns</a> needed educating.<p>Currently, <a href="https://www.porsche.com/usa/models/taycan/taycan-models/">there are four versions</a> of the Taycan available: the base-model Taycan, the 4S, the Turbo, and the range-topping Turbo S. Yes, I know neither of those cars are turbocharged. Words mean things until they don't.</p><div type="image" title="2020 Porsche Taycan 4S_KL_7" height="1667" width="2500" msid="79430970" hostid="261"></div>The loaner that Porsche kicked me for a weekend was the 4S. For all intents and purposes, it is the base Taycan model - though from the way it's priced, you wouldn't think so.<h2><strong>It weighs, like, more than two tons</strong></h2><p>Like a Tesla, the Taycan uses a skateboard design: All of the batteries are located along the floor of the vehicle, which lowers the center of gravity and frees up space for two trunks. System voltage comes to 800 volts instead of the typical 400 volts, which <a href="https://newsroom.porsche.com/en/products/taycan/battery-18557.html">Porsche says</a> cuts charging time, decreases weight, and allows for high performance. </p><div type="image" title="2020 Porsche Taycan 4S_KL_54" height="1667" width="2500" msid="79430973" hostid="261"></div>The 4S is not the range-topping Taycan, but that's no issue at all. The thing is plenty powerful and fast, with a <a href="https://www.porsche.com/usa/models/taycan/taycan-models/taycan-4s/">claimed</a> 562 horsepower and 479 pound-feet of torque from its optional Performance Battery Plus upgrade. Porsche estimates a 0-to-60-mph sprint to happen in 3.8 seconds with launch control, along with a 155-mph top speed. <p>Charging <a href="https://www.porsche.com/usa/models/taycan/taycan-models/taycan-4s/">claims</a> are as follows: When plugged into an AC outlet with 9.6 kW, the 4S takes 9.5 hours to charge from 0 to 100%. A 50-kW DC charger takes 93 minutes from 5% to 80%. A fast-charging DC charger takes 22.5 minutes to charge the car from 5% to 80%.</p><div type="image" title="2020 Porsche Taycan 4S_OEM_6" height="1406" width="2500" msid="79430979" hostid="261"></div>Using the EVgo app one night, I found a nearby 50-kW CCS charger. After about 25 minutes of charging, the battery went from 54% to 71%. The whole thing cost me $8.96.<p>The EPA <a href="https://insideevs.com/news/419001/porsche-taycan-4s-203-miles-epa-range/">gives</a> the Taycan 4S with the Performance Battery Plus a range of 203 miles. The Taycan <a href="https://www.porsche.com/usa/models/taycan/taycan-models/taycan-4s/">measures</a> 16.3 feet long, 6.5 feet wide, and 4.5 feet tall. Its rear trunk has a cargo capacity of 14.3 cubic feet. Curb weight comes to 4,947 pounds.</p><div type="image" title="2020 Porsche Taycan 4S_KL_85" height="966" width="2014" msid="79430980" hostid="261"></div>As of this writing, the Porsche Taycan has not yet been rated for crashworthiness by the National Highway Traffic Safety Administration or the Insurance Institute for Highway Safety.<h2><strong>What stands out: Warp drive</strong></h2><p>On paper, Porsche's gas-powered 911 Turbo S has the Taycan 4S beat. The Turbo S has more horsepower, more torque, a quicker estimated 0-to-60 time. You <em>know</em> the Turbo S is faster. But when you floor the "go" pedal in the Taycan, all that knowledge flies out the window alongside your grasp on reality.</p><div type="image" title="2020 Porsche Taycan 4S_KL_8" height="1667" width="2500" msid="79430982" hostid="261"></div>Maybe it's because you have no audible warning that the car is doing what it's about to do. Up until this point, I never realized how much I subconsciously relied on engine noise to brace for acceleration. In the Taycan, acceleration just <em>happens</em>. No warning. No tip-off. <p>One second, you're cruising along quietly and the next, you're being shot forward through space-time, fired from what feels like the universe's biggest bowstring. You're warping forward so powerfully you've left your stomach in the previous galaxy. And you, the one with brake pedal access, are the one who controls when the passenger screaming stops. This is a good thing, by the way.</p><div type="image" title="2020 Porsche Taycan 4S_KL_68" height="1667" width="2500" msid="79430986" hostid="261"></div>Does it ever get old? Probably! But as far as party tricks go, it's a pretty neat one. <p>If you do want some sound, putting the car in Sport Plus mode or activating the "engine" "noise" option will pipe in some artificial motor noise (it sounds like a musical generator). But it still doesn't adequately prepare you for the instant torque. Nothing does until you've done it to yourself a few times.</p><div type="image" title="2020 Porsche Taycan 4S_KL_77" height="1667" width="2500" msid="79430988" hostid="261"></div>Unlike in <a href="https://www.businessinsider.com/polestar-2-review-price-ev-volvo-tesla-specs-horsepower-electric-2020-8">the Polestar 2</a>, I never had complaints about too-light steering in the Taycan. It was always nice and heavy, the smallest of inputs translating to a subsequent wiggle in the nose. Paired with the low center of gravity and the futuristic <em>whee</em> of the motors, the Taycan slingshots in and out of corners with acute, alien-like precision and delight.<p>From the outside, the car is stunning. Sleek and purposeful, it doesn't look that different from the Mission E concept we first saw five years ago. Mine wore a wonderful coat of Mamba Green Metallic Paint, 21-inch gold Mission E Design Wheels, and a set of carbon-ceramic brakes with yellow calipers. Life is too short for boring cars. Dress mine up like a mobster, please.</p><div type="image" title="2020 Porsche Taycan 4S_KL_78" height="3750" width="2500" msid="79430990" hostid="261"></div>And despite the sloping profile, the back seats offer decent headroom and legroom. My loaner came with only two rear seats, but a third one can be optioned in at an additional cost.<h2><strong>What falls short: Could use a hatch</strong></h2><p>Inside the Taycan, I could count the number of physical switchgears on one hand. Aside from what was on the steering wheel, the driver's only physical touchpoints were the gear selector lever and the car's on/off button. </p><div type="image" title="2020 Porsche Taycan 4S_KL_1" height="1667" width="2500" msid="79430993" hostid="261"></div>The Taycan's user experience wasn't as hateful as other all-touch setups. Its screens offered a degree of haptic feedback, so you knew if your fingers were actually selecting something without always looking down. <p>But even things you expect to have some kind of hard switch do not. The headlight controls, for example, are operated via touchscreen off to the side of the driver information cluster.</p><div type="image" title="2020 Porsche Taycan 4S_KL_41" height="3750" width="2500" msid="79430996" hostid="261"></div>A defining driving characteristic of many EVs is their one-pedal driving capability. It's a fun thing you can do with the accelerator where, after learning to modulate the car's regenerative braking, you can control its forward driving without the use of the brake pedal.<p>Unfortunately, no Taycan will have one-pedal driving. All regenerative braking will be handled through the brake pedal, according to <a href="https://www.autoweek.com/news/technology/a2150661/heres-why-you-cant-drive-porsche-taycan-or-any-future-porsche-evs-one-pedal/">Autoweek</a>. From what I understand, people have a love/hate relationship with one-pedal driving, so take this news as you will.</p><div type="image" title="2020 Porsche Taycan 4S_KL_82" height="1667" width="2500" msid="79430997" hostid="261"></div>Rear visibility is also a bit challenging in the Taycan. The rear window is small, the roofline slopes downward, and the C-pillars are thick. They do not make for easy over-the-shoulder glances.<p>But I actually saw the Taycan's biggest shortcoming when I parked it next to a Tesla Model S. We were loading up our cars with supplies, the Model S owner and I. The difference was that the Model S's trunk is a hatch. The Taycan's is not. </p><div type="image" title="2020 Porsche Taycan 4S_KL_36" height="1667" width="2500" msid="79430999" hostid="261"></div>Anyone who's used a hatch-style trunk knows that they make loading and unloading cargo much easier. It makes all of the trunk accessible, not just the half that's closest to you. And there's more usable vertical room! Hatch all of the sedans, I say.<h2><strong>Competitor comparison: $$$$</strong></h2><p>In terms of range, the Taycan, unfortunately, brings up the rear behind the Tesla Model S (<a href="https://www.tesla.com/models/design#battery">402 miles estimated</a>) and the upcoming Lucid Air (<a href="https://www.businessinsider.com/lucid-motors-air-debut-cost-specs-price-sale-date-ev-2020-9#there-will-be-at-least-four-versions-of-the-air-available-9">406 miles estimated for the base model</a>).</p><div type="image" title="2020 Porsche Taycan 4S_KL_22" height="1667" width="2500" msid="79431002" hostid="261"></div>And it is quite expensive. The Taycan 4S starts (<em>starts!</em>) at $103,800 and goes all the way up to $185,000 for the Turbo S model. In January, <a href="https://www.businessinsider.com/porsche-taycan-price-base-ev-turbo-4s-tesla-model-s-2021-1">Porsche added a base-model Taycan</a> to its lineup with a starting MSRP of $79,900. This still makes it about $10,000 more expensive than the Model S, however.<p>Then we get into the options, because it's a Porsche and the options list is longer than a diner menu. Instead of waffles, corned beef hash, and club sandwiches, it's multi-thousand-dollar brake kits and frivolous vanity features. Ready? </p><div type="image" title="2020 Porsche Taycan 4S_KL_18" height="3750" width="2500" msid="79431005" hostid="261"></div>My loaner came with Mamba Green Metallic paint ($800), "Taycan 4S" rear logo in high-gloss black ($270), tire-sealing compound and electric air compressor ($70), carbon-ceramic brakes with yellow calipers ($9,080), wheels painted in Satin Aurum ($1,290), 21-inch Mission E Design wheels ($4,680) interior accents in neodyme ($650), the Performance Battery Plus ($6,580), mobile charger connect ($1,120), high-gloss black window trim ($400), the Performance Package ($6,430), and the Premium Package ($7,170).<p>All of that, plus the delivery/processing/handling fee, brought my loaner's MSRP up to $143,690. It's a very expensive car.</p><div type="image" title="2020 Porsche Taycan 4S_KL_56" height="1667" width="2500" msid="79431007" hostid="261"></div>But as is increasingly the case with EVs, the whole thing comes down to the user experience and brand preference. In the Taycan, you're getting something that's undeniably sporty and finished in that known Porsche way: tight, buttoned down, serious.<p>When taking my friend for a ride, he jokingly asked if the car had <a href="https://jalopnik.com/tesla-introduces-romance-mode-and-on-demand-fart-noises-1831215895">a whoopie cushion feature</a>.</p><p>Of course not. This is a car built by adults. </p><h2><strong><div type="image" title="2020 Porsche Taycan 4S_KL_5" height="1667" width="2500" msid="79431011" hostid="261"></div>Our impressions: Heavy but planted</strong></h2><p>Getting into any Porsche product expecting it to be bad is like thinking Lewis Hamilton <a href="https://www.espn.com/f1/story/_/id/30340690/where-lewis-hamilton-f1-championship-trophy">will lose a race</a>. Kind of like gravity or celestial movement, it's just not something you bet against. The Taycan is no exception. </p><p>There are, of course, a few things that feel a bit half-baked - the rear visibility, for one. Plus, the piped-in fake motor noise is rather gimmicky and at odds with what is otherwise a very serious car. But in terms of <em>feeling</em> quality and driving like a roller coaster, the Taycan absolutely nails it. </p><div type="image" title="2020 Porsche Taycan 4S_KL_70" height="1667" width="2500" msid="79431013" hostid="261"></div>Is it worth six figures? I don't know.<p>But I can tell you this. I liked the Taycan quite a bit. It's not built on an <a href="https://www.automobilemag.com/news/2020-mini-cooper-se-electric-vehicle-review-photos-price-range-performance-specs/">internal-combustion engine platform that's been repurposed for an EV</a>, so there aren't any glaringly obvious passenger or cargo room compromises. Sitting in the back does not give you the distinct feeling that you're astride a battery pack.</p><p>The Taycan weighs more than two tons, but it conducts itself like a very planted sports car. The optional rear-axle steering helped with maneuverability in tight spaces. It cruised quietly and smoothly on the highway when it wasn't gluing my passengers to their seatbacks.</p><div type="image" title="2020 Porsche Taycan 4S_KL_73" height="1667" width="2500" msid="79431016" hostid="261"></div>I understand that Porsche positions itself as a top-dollar brand, but I still did a double-take when the Taycan's price was first announced. I might have even used an expletive that rhymes with "duck off." If it's one thing the EV space does <em>not</em> need, it's another six-figure toy priced exclusively for the rich.<p>Perhaps, though, this is a similar method to Tesla's: Launch the expensive, halo model first to get people excited about the idea and the brand, and then launch the cheaper volume seller.</p><div type="image" title="2020 Porsche Taycan 4S_KL_60" height="1667" width="2500" msid="79431019" hostid="261"></div>It would explain why the Taycan is a sedan rather than an SUV. Up next is most likely the electric Macan, <a href="https://www.motor1.com/news/445085/porsche-macan-electric-crossover-renderings/">believed to appear in 2022 or thereabouts</a>. But if Taycan hardware makes it over to the Macan EV, then it'll be a considerable package.<p>For now, though, those who want "the Porsche of EVs" now have one from the brand itself - and it's a pretty good one, at that.</p><p style="text-align: center;">♦♦♦</p><div type="image" title="2020 Porsche Taycan 4S_KL_83" height="1667" width="2500" msid="79431023" hostid="261"></div><div type="image" title="2020 Porsche Taycan 4S_KL_38" height="3750" width="2500" msid="79431027" hostid="261"></div><div type="image" title="2020 Porsche Taycan 4S_KL_84" height="1667" width="2500" msid="79431029" hostid="261"></div><div type="image" title="2020 Porsche Taycan 4S_KL_17" height="1667" width="2500" msid="79431033" hostid="261"></div><div type="image" title="2020 Porsche Taycan 4S_KL_75" height="1667" width="2500" msid="79431035" hostid="261"></div><div type="image" title="2020 Porsche Taycan 4S_KL_27" height="1667" width="2500" msid="79431038" hostid="261"></div><div type="image" title="2020 Porsche Taycan 4S_KL_53" height="3750" width="2500" msid="79431041" hostid="261"></div><div type="image" title="2020 Porsche Taycan 4S_KL_28" height="3750" width="2500" msid="79431043" hostid="261"></div><div type="image" title="2020 Porsche Taycan 4S_KL_72" height="1667" width="2500" msid="79431044" hostid="261"></div>

REVIEW: The $144,000 Taycan 4S is Porsche's first EV that pairs cosmic speed with eerie electric silence

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Porsche</span></p><p class="caption">The updated first generation Porsche Macan S.</p></div><p></p></div></div></p><ul class="summary-list"><li><strong>The <a href="https://www.businessinsider.com/category/porsche" target="_blank" rel="noopener">Porsche</a> <a href="https://www.businessinsider.com/category/porsche-macan" target="_blank" rel="noopener">Macan</a> is the brand's best-selling model and accounts for nearly half of its total sales. </strong></li><li><strong>The German automaker confirmed on Tuesday that the next generation Macan compact luxury <a href="https://www.businessinsider.com/category/suv" target="_blank" rel="noopener">SUV</a> will be all electric.</strong></li><li><strong>The Macan <a href="https://www.businessinsider.com/category/ev" target="_blank" rel="noopener">EV</a> will be built on the Porsche PPE platform shared with the upcoming Taycan sedan. </strong></li><li><strong>According to Porsche, the next generation Macan is expected to debut at the beginning of the next decade. </strong></li></ul><p>The Porsche Macan has been a smash hit since its introduction in 2015. The compact luxury SUV is, by far, the brand's best selling model. In 2018, the Macan accounted for more than 41% of the 57,202 cars Porsche sold in the US. </p><p>On Tuesday, Porsche announced that the second generation Macan will be all electric.</p><p>"The next generation of the Macan fires the starting pistol for electrification," Porsche said in a statement. </p><p>According to Porsche, the new Macan is set to enter production at the beginning of the next decade and will be built at the company's plant in Leipzig, Germany.</p><p><em><strong>Read more</strong>: <a href="https://www.businessinsider.com/porsche-macan-gts-suv-review-pictures-2018-10" target="_blank" rel="noopener">We took an $81,000 Porsche Macan GTS on a road trip to see if it's a sports car in an SUV body - here's the verdict</a></em>.</p><p>The new Macan will be on the Porsche PPE platform developed with fellow VW Group subsidiary Audi AG. </p><p>In addition, the brand's first all-electric SUV will feature 800-volt fast charging technology.</p><p>The Macan is part of Porsche's broader investment in electrification. </p><p>"By 2022 we will be investing more than six billion euros in electric mobility, and by 2025 50% of all new Porsche vehicles could have an electric drive system," Porsche CEO Oliver Blume said in a statement.</p><p>Porsche's first EV, the Taycan, known initially as the Mission E, is expected to hit the market at the end of the year. It's a mid-size, high-performance electric sedan that will compete with the likes of the Tesla Model S. After the Taycan sedan, Porsche is expected to follow with the Taycan Cross Turismo electric crossover. </p>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/tesla-model-x-perfect-safety-crash-test-rating-2019-2">Why Tesla's Model X was the first SUV to receive a perfect crash-test rating</a></h3>        <div>                    </div>    </div>

Porsche just confirmed that the best-selling Macan SUV will soon be all electric

<ul class="summary-list"><li>Dozens upon dozens of <keyword id="6358835" type="UNKNOWN" weightage="60" keywordseo="Electric-cars">electric cars</keyword> are set to flood the market in coming years. </li><li>New EVs are coming from startups like Lucid, Rivian, and Canoo, along with legacy OEMs like <keyword id="6355174" type="UNKNOWN" weightage="60" keywordseo="ford">Ford</keyword>. </li><li>By 2023, everything from supercars to offroad pickups will have a battery-powered option. </li></ul><p><a href="https://www.businessinsider.com/cycling-boom-us-streets-infrastructure-bike-lanes-history-united-states-2020-12">Gas-powered cars have ruled the roads</a> for more than a century - but <keyword id="6354973" type="UNKNOWN" weightage="60" keywordseo="electric-vehicles">electric vehicles</keyword> are about to have their day. </p><p>Today, climate-conscious shoppers can choose from dozens of partially or fully electric models. But the number of EVs on the market is set to skyrocket in coming years as startups mature and as traditional automakers double down on the growing space. </p><p><keyword id="4581" type="CITY" weightage="60" keywordseo="general-motors">General Motors</keyword> alone plans to have 30 electric models in showrooms by 2025. And several other automakers have issued <a href="https://www.businessinsider.com/promises-carmakers-have-made-about-their-future-electric-vehicles-2020-1">similar pledges</a> to phase out gas guzzlers in favor of zero-emission cars. </p><p>Analysts at McKinsey &amp; Company <a href="https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/the-road-ahead-for-e-mobility#">estimate</a> that carmakers will launch 400 new battery-powered models through 2025. But plenty of interesting new EVs will be on sale much sooner than that. </p><p>Check out some of the coolest EVs hitting the market by 2023 - along with their expected arrival dates - below.</p><h2>Audi E-Tron GT (2021)</h2><div type="image" title="Audi E-Tron GT" height="1668" width="2500" msid="81617802" hostid="261"></div><p>Audi has talked up the E-Tron GT for a while now - and it showed off a concept version in "Avengers: Endgame" - but finally <a href="https://www.businessinsider.com/audi-e-tron-gt-electric-sedan-performance-horsepower-specs-2021-2">unveiled the real thing</a> in February. </p><p>It starts at roughly $100,000 for the base model, which puts out 469 horsepower and has a range of 238 miles. The $140,000 high-performance RS version generates 590 horsepower and hits 60 mph in 3.1 seconds, Audi says. </p><p>The car hits US dealerships this summer. </p><h2><keyword id="6355119" type="ORGANIZATION" weightage="60" keywordseo="bmw">BMW</keyword> i4 (2021)</h2><div type="image" title="BMW i4." height="1668" width="2500" msid="81617803" hostid="261"></div><p>BMW may be a bit behind the times with its "i" prefix that, once upon a time, was attached to anything techy. But <a href="https://www.businessinsider.com/bmw-i4-ev-sedan-range-specs-horsepower-2021-3">the i4</a> still bodes well for BMW's electric future.  </p><p>The German brand's first electric sedan, the i4 will have an EPA-estimated range of 300 miles and will put out up to 530 horsepower, according to BMW. There will also be a performance model. </p><p>The i4 goes on sale this year. </p><h2>BMW iX (2022)</h2><div type="image" title="BMW iX" height="1667" width="2500" msid="81617804" hostid="261"></div><p>BMW is also developing an X5-sized electric SUV that's set to enter production in late 2021 and arrive at dealers in early 2022. Delivering more than 300 miles of range and 500 horsepower in its top trim, <a href="https://www.businessinsider.com/bmw-ix-electric-suv-first-look-photos-specs-details-2020-11">the iX</a> will be BMW's flagship EV. </p><p>In Germany, the SUV will start at roughly $92,000, but there's no word on US pricing yet. </p><h2>Bollinger B1/B2 (2022)</h2><div type="image" title="4 Bollinger Motors B1 3 4 studio" height="1498" width="2000" msid="81617806" hostid="261"></div><p>Michigan-based EV startup Bollinger Motors somehow managed to develop a cutting-edge electric truck that still keeps things old school.</p><p>The firm plans to sell an SUV, the B1, and a pickup, the B2, that have utilitarian looks, exposed rivets, and manual switches of offroaders from a bygone era. But the vehicles still pack a modern punch - Bollinger says they'll produce 614 horsepower and 668 lb-ft of torque. </p><p>The <a href="https://www.businessinsider.com/bollinger-ev-startup-suv-pickup-b1-b2-updated-design-2020-12">B1 and B2</a> cost $125,000 and deliveries are set to begin in 2022. </p><h2>Cadillac Lyriq (2022)</h2><div type="image" title="Cadillac Lyriq" height="825" width="1102" msid="81617807" hostid="261"></div><p>Cadillac is set to become GM's <a href="https://www.businessinsider.com/gm-bullish-outlook-plans-to-take-on-tesla-with-cadillac-2019-1">flagship electric brand</a>, and its first EV is just over the horizon. The <a href="https://www.businessinsider.com/cadillac-just-unveiled-its-lyriq-electric-car-2020-8">Lyriq</a>, unveiled last summer in concept form, will be one of the first vehicles to use GM's Ultium battery tech when it hits US dealerships in 2022. </p><p>Details are still scarce, but GM has said the crossover will come in rear-wheel-drive and all-wheel-drive versions, and that it will deliver at least 300 miles of range. It will cost between $75,000 and $100,000 to start, GM said. </p><h2>Canoo pickup truck (2023)</h2><div type="image" title="Canoo pickup truck" height="1080" width="1440" msid="81617808" hostid="261"></div><p>EV startup Canoo's <a href="https://www.businessinsider.com/canoo-ev-pickup-truck-first-look-features-specs-2021-3">upcoming pickup</a> is unlike anything on the road today. The pod-shaped truck features a host of useful built-in features like fold-out work surfaces, a bed extender, power outlets galore, and a customizable rear seating area.</p><p>Canoo is targeting the truck at businesses, but it's also positioning it as the ultimate adventure vehicle. Various camper shells and roof racks will be available once the truck hits the market. Preorders will open up in late 2021. </p><h2>Ford F-150 Electric (2022)</h2><div type="image" title="2021_F 150 Raptor_05" height="1511" width="2500" msid="81617809" hostid="261"></div><p>The Ford F-150 isn't just the best-selling pickup truck in the US, it's been the nation's most popular vehicle overall for more than four decades. And come 2022, it's getting an electric version. </p><p>Ford has already teased the F-150 EV with gimmicky stunts like a <a href="https://www.youtube.com/watch?v=bXFHgoon7lg">video</a> showing a prototype towing a freight train loaded up with 1 million pounds. The Blue Oval has said the F-150 EV will be powered by a dual-motor setup but hasn't released many details beyond that. </p><h2>GMC Hummer EV (2021)</h2><div type="image" title="2022 GMC HUMMER EV 002" height="1477" width="1969" msid="81617811" hostid="261"></div><p>GM resurrected the Hummer name for its much-hyped electric pickup truck, the <a href="https://www.businessinsider.com/gmc-hummer-ev-electric-pickup-truck-photos-features-specs-2020-10">2022 GMC Hummer EV</a>. GMC calls the model a "supertruck" and says it will offer 1,000 horsepower and 350 miles of range. The $112,595 <a href="https://www.businessinsider.com/2022-hummer-ev-edition-1-coolest-features-gmc-electric-pickup-2020-10">"Edition 1" model</a> will be available to reservation holders this fall, with a handful of other trim levels to follow. </p><h2>Lucid Air (2021)</h2><div type="image" title="Lucid Air exterior_3" height="1620" width="2160" msid="81617812" hostid="261"></div><p>The Air will be the first production vehicle out of Lucid, an upstart EV maker that's staffed by former <keyword id="107096" type="COMPANY" weightage="60" keywordseo="Tesla">Tesla</keyword> engineers and run by the man who led Tesla's Model S project.</p><p>With an EPA-estimated range of up to 517 miles and a base price of under $70,000, the <a href="https://www.businessinsider.com/lucids-ceo-rawlinson-electric-sedan-suv-crazed-market-2021-3?r=tl-sub">luxury sedan</a> takes direct aim at the Model S. And it appears to have Elon Musk and Tesla shaking in their boots. The same day that Lucid announced its base sedan would cost $69,900 after federal tax incentives, Musk <a href="https://www.businessinsider.com/elon-musk-tesla-model-s-price-cut-lucid-unveils-air-2020-10">changed the price</a> of the Model S to undercut it by just a few hundred dollars. </p><h2>Lucid SUV (2023)</h2><div type="image" title="Lucid Motors Project Gravity_3" height="1667" width="2500" msid="81617814" hostid="261"></div><p>Taking a page out of Tesla's playbook, Lucid plans to build a crossover following the launch of its debut luxury sedan. </p><p>Lucid hasn't said much about its future family-hauler, dubbed <a href="https://www.businessinsider.com/lucid-motors-project-gravity-electric-suv-available-2023-air-ev-2020-9">Project Gravity</a>, but claims it will offer loads of interior space and will "redefine the luxury SUV." It will be built on the same platform as the Air. </p><p><em><strong>Read more: <a href="https://www.businessinsider.com/lucids-ceo-rawlinson-electric-sedan-suv-crazed-market-2021-3">Lucid's CEO reveals why he's launching an electric sedan into an SUV-crazed market - and how he'll handle competition from Tesla and auto industry giants</a></strong></em></p><h2>Porsche Macan EV (2022)</h2><div type="image" title="2020 Porsche Macan GTS._KL_1" height="1667" width="2500" msid="81617815" hostid="261"></div><p>Porsche currently only sells one EV, the Taycan sport sedan. But the German luxury brand plans to start building a battery-powered version of its best-selling model, the <a href="https://www.businessinsider.com/porsche-macan-suv-electric-confirmed-2019-2">Macan crossover</a>, by the end of 2022. An electric Cayman and Boxster are on the way as well, but Porsche has no plans to produce a zero-emission version of its flagship 911 sports car anytime soon. </p><h2>Porsche Taycan Cross Turismo (2021)</h2><div type="image" title="2021 Porsche Taycan Cross Turismo._21" height="1667" width="2500" msid="81617816" hostid="261"></div><p>The electron-powered Macan is still a long way away, but EV buyers who desire nothing less than an electric Porsche with some utility and ample cargo capacity may find what they're looking for in the upcoming <a href="https://www.businessinsider.com/porsche-taycan-4s-turbo-s-cross-turismo-ev-wagon-ebikes-2021-3">Taycan Cross Turismo</a>. </p><p>It's the station wagon version of the brand's <a href="https://www.businessinsider.com/porsche-taycan-4s-review-0-60-price-range-ev-electric-2020-11">Taycan sedan</a>, and Porsche gave it a bit of extra trunk space, more ground clearance, and standard all-wheel drive. The Taycan Cross Turismo starts at $90,900 and hits US dealerships this summer. </p><h2>Rivian R1T/R1S (2021)</h2><div type="image" title="Rivian R1S" height="1120" width="1494" msid="81617817" hostid="261"></div><p><a href="https://www.businessinsider.com/what-is-rivian-ev-startup-amazon-backed-tesla-challenger-2021-2">Rivian</a> is a California-based EV startup that has been developing vehicles since 2009 and has emerged as one of the most promising Tesla rivals. It's set to start delivering its first R1T pickups and R1S SUVs this summer. </p><p>The upstart is taking aim at the outdoorsy crowd with its high-end vehicles that will offer a range of up to 400 miles, up to 750 horsepower, and innovative features like a "gear tunnel" that can fit a slide-out camping kitchen. </p><p>Base versions of the R1T and R1S are due out in 2022 and will start at $67,500 and $70,000, respectively. </p><h2>Tesla Cybertruck (2022)</h2><div type="image" title="Cybertruck" height="696" width="1235" msid="81617818" hostid="261"></div><p>According to Tesla CEO Elon Musk, the long-anticipated Cybertruck has been fully developed and <a href="https://www.businessinsider.com/tesla-cybertruck-elon-musk-engineering-finished-deliveries-maybe-this-year-2021-1">deliveries may start in late 2021</a>. However, he said, the more likely scenario is that mass production will begin in 2022. </p><p>The polarizing pickup, unveiled at a <a href="https://www.businessinsider.com/tesla-cybertruck-pickup-trucks-coolest-features-2019-11">splashy event</a> in 2019, will have a 500-mile range and a 0-60-mph time of under three seconds in its top configuration, Tesla says. It will have a built-in bed cover, a slide-out ramp, and a bulletproof body made from stainless steel. </p><p>Tesla says the Cybertruck will eventually come in single, dual, and triple-motor versions and will have a starting price under $40,000. </p><h2>Tesla Roadster (2022)</h2><div type="image" title="Tesla Roadster." height="1604" width="2854" msid="81617819" hostid="261"></div><p>Elon Musk said the upcoming Roadster would be the "fastest production car ever made, period," when it was <a href="https://www.businessinsider.com/new-tesla-roadster-2017-2017-11">unveiled</a> in 2017. Tesla promises that the supercar will be capable of speeds exceeding 250 mph and will have a range of 620 miles - more than any EV on the market today. It'll make the sprint to 60 mph in a blistering 1.9 seconds and hit 100 mph in 4.2 seconds, Tesla says. </p><p>But for it to do all of those impressive things it needs to get here first. Tesla initially said the $250,000 "Founders Series" Roadster would arrive in 2020, but Musk <a href="https://twitter.com/elonmusk/status/1354869981146738693">said</a> in January that production would need to wait until 2022. </p><h2>Volkswagen ID.Buzz (2023)</h2><div type="image" title="VW ID Buzz concept" height="1667" width="2500" msid="81617820" hostid="261"></div><p>Volkswagen made a splash in 2017 when it <a href="https://www.businessinsider.com/vw-volkswagen-microbus-coming-2022-2017-8">announced</a> plans to <a href="https://www.businessinsider.com/vw-microbus-launching-in-2022-will-have-big-updates-2018-1">bring back its iconic Microbus</a> as an EV. It's not known exactly what the van will look like when it hits streets, but VW did build a concept vehicle (shown above). </p><p>We don't know all the details of the ID.Buzz quite yet, but the carmaker said it will be based on the same EV platform that underpins VW's ID.4 and ID.3 models. </p><p>Although the ID.Buzz was initially slated to hit the market in 2022, Volkswagen of America CEO Scott Keogh told <a href="https://www.autonews.com/cars-concepts/vws-keogh-id-buzz-reactions-been-huge">Automotive News</a> in January that the project has been pushed to 2023. </p>

From Tesla's $250,000 supercar to Ford's electric F-150, these are the 18 coolest EVs set to hit the streets in the next 3 years

<ul class="summary-list"><li><keyword id="6354427" type="ORGANIZATION" weightage="60" keywordseo="apple">Apple</keyword> wants to release a self-driving, electric consumer car by 2024, Reuters reported Monday. </li><li>The tech giant would face competition from dozens of new electric vehicles that are set to flood the market over the next few years. </li><li>Apple may not build its own car at all, deciding instead to integrate its battery and self-driving technology into an existing automaker's vehicles, Reuters reported. </li></ul><p>Apple's electric-vehicle project is surging ahead with the aim of building a self-driving consumer car by 2024, <a href="https://www.businessinsider.com/exclusive-apple-targets-car-production-by-2024-and-eyes-next-level-battery-technology-sources-2020-12">Reuters</a> reported Monday. And although developing a new car from scratch is a massive challenge in itself, the true test will be whether the tech giant can convince drivers to buy it. </p><p>Dozens upon dozens of electric vehicles across multiple segments are set to flood the market in coming years, from both upstart firms and established manufacturers alike, all of which are set to include some advanced driver-assistance tech.</p><p>And while it's difficult to determine exactly which brands or vehicles Apple's car will directly compete with without more details, it's safe to say that the tech company will face stiff competition no matter what type of vehicle it eventually builds (<a href="https://www.businessinsider.com/apple-electric-car-project-titan-key-advantages-wall-street-analysts-2020-12">or puts its name on</a>).  </p><p>If the company heads in the same direction as its consumer devices and builds an upmarket luxury car, its most formidable competitor will likely be Tesla, which currently dominates the EV market and is the world's most valuable carmaker.</p><p>Tesla's also one of the industry's <a href="https://www.businessinsider.com/tesla-fsd-software-advantage-over-other-automakers-gene-munster-2020-12">leaders in driver-assistance tech</a>. The company's crossovers and sedans already come with a driver-assistance system called Autopilot, and CEO Elon Musk claims that the company's more advanced "full self-driving" feature - which doesn't actually make vehicles fully autonomous - <a href="https://www.businessinsider.com/tesla-autopilot-full-self-driving-subscription-early-2021-elon-musk-2020-12">will be available soon</a>.</p><p>But plenty of other luxury brands are trying to carve out some of Tesla's market share by launching new EVs in the near future. An Apple sedan might come up against future four-doors like the <a href="https://www.businessinsider.com/lucid-air-sedan-features-specs-range-performance-tesla-model-s-2020-8">Lucid Air</a> (due out in 2021), <a href="https://www.businessinsider.com/bmw-teases-the-electric-i4-concept-a-sleek-and-powerful-tesla-rival-2020-3">BMW i4</a> (due out in 2022), or Audi E-Tron GT (due in 2021). Mercedes-Benz, for its part, plans to launch six new battery-powered models by 2022, including the EQS and EQE sedans. </p><p>As US consumer demand for sedans dwindles and appetite for compact crossovers grows, Apple may very well opt to build a high-end SUV instead. In that case, the iPhone maker would need to fend off rivals like the <a href="https://www.businessinsider.com/rivian-to-have-high-quality-interiors-bentley-lincoln-2020-8">Rivian R1S</a>, <a href="https://www.businessinsider.com/bmw-ix-electric-suv-first-look-photos-specs-details-2020-11">BMW iX</a>, <a href="https://www.businessinsider.com/porsche-macan-suv-electric-confirmed-2019-2">Porsche Macan EV</a>, and Mercedes-Benz EQC. </p><p>Cadillac, <a href="https://www.businessinsider.com/tesla-autopilot-second-best-assistance-software-consumer-reports-2020-10">which has one of the best driver-assistance systems on the market</a> and is set to become GM's all-electric brand, may also pose a threat to Apple's ambitions. Its flagship <a href="https://www.businessinsider.com/cadillac-just-unveiled-its-lyriq-electric-car-2020-8">Lyriq crossover</a> will enter production in 2022 and will be equipped with GM's new Ultium battery technology along with the latest iteration of Super Cruise. </p><p>The driver-assistance feature, which allows for hands-free driving on some highways, claimed the title as the top driver-assistance system on the market this year in <a href="https://www.businessinsider.com/tesla-autopilot-second-best-assistance-software-consumer-reports-2020-10">Consumer Reports' testing</a>, beating out Tesla's Autopilot. </p><p><em><strong>Read more:</strong> <a href="https://www.businessinsider.com/apple-car-tesla-volkswagen-magna-steyr-ev-2020-12?r=tl-sub">Apple reportedly wants to release a car in 2024. Here are the 3 auto companies that are most likely to build it, experts say.</a></em></p><p>Apple's battery technology - which is "next level" and will "radically" decrease battery cost, according to Reuters' report - may allow it to manufacture a budget-friendly EV to compete with the likes of the <a href="https://www.businessinsider.com/volkswagen-id4-price-specs-electric-tesla-model-y-us-competitor-2020-9">Volkswagen ID.4</a> or Nissan Ariya, which will both cost roughly $40,000 and will hit the US market next year. Subaru and Toyota are jointly developing an electric vehicle <a href="https://www.caranddriver.com/news/a30613610/subaru-crossover-concept-ev-hybrid-plans/">due by 2025</a>. </p><p><a href="https://www.businessinsider.com/apple-electric-car-project-titan-key-advantages-wall-street-analysts-2020-12">Experts say</a> Apple may be able to pull off its ambitious EV project thanks to its deep cash reserves, ability to attract talent, and strong brand name. And Apple's proven capacity to develop innovative technology along with its new battery technology may help its car stand out from the ever-growing pack. </p><p>Still, according to Monday's Reuters report, there's a chance that Apple doesn't build its own Apple-branded vehicle at all. Sources said the tech company may choose to integrate its autonomous systems and battery packs into an existing automaker's vehicles. </p>

Apple reportedly plans to build a self-driving electric car by 2024, but it will face stiff competition as new EVs flood the market

<ul><li><strong>The last date for updating your <keyword id="20195587" type="General" weightage="100" keywordseo="FASTag-KYC" source="Orion">FASTag KYC</keyword> is Wednesday, January 31.</strong></li><li><strong>The <keyword id="3005928" type="General" weightage="20" keywordseo="FASTag" source="Orion">FASTag</keyword> of users who do not update their KYC may be deactivated or blacklisted.</strong></li><li><strong>Here is the process you need to follow to update your FASTag KYC, including documents required.</strong></li></ul> FASTag has made it easier to make toll payments and pay for parking at several places such as airports. However, if you have been using a FASTag with your vehicle, you may need to update your Know Your Customer (KYC) information.<br /><br />The National Highway Authority of India (NHAI) had announced a deadline of January 31 to update KYC details for FASTag users. As per NHAI, the FASTag of users who do not update their KYC may be deactivated or blacklisted by banks.<br /><br />"NHAI has taken this initiative after the recent reports of multiple FASTags being issued for a particular vehicle and FASTags being issued without KYC in violation of RBI’s mandate," said NHAI.<br /><br /><cmsannotation type="cmsannotation" annotationid="Documents required to update FASTag KYC" comment="subhead" text="Documents required to update FASTag KYC"><span data-til="noop">Documents required to update FASTag KYC</span></cmsannotation><br /><br />Here are the documents you need to update the KYC of your FASTag:<br /><br /><ul><li>Vehicle registration certificate</li><li>ID proof</li><li>Address proof</li><li>Passport-size photograph</li></ul><cmsannotation type="cmsannotation" annotationid="How to update your FASTag KYC" comment="subhead" text="How to update your FASTag KYC"><span data-til="noop">How to update your FASTag KYC</span></cmsannotation><br /><br />Once you have all the above documents in place, follow the below steps to update your KYC:<br /><br /><ul><li>Go to the FASTag website by clicking <a href="http://fastag.ihmcl.com">here</a>.</li><li>Now, click on the “Login” button on the top right corner.</li><li>Enter your mobile number and click on “Get OTP”.</li><li>Now, enter the OTP, type the captcha and then click on “Login”.</li><li>Then, click on “My Profile” in the Dashboard.</li><li>You can now check the KYC details of your FASTag and complete the process if your KYC is pending.</li></ul>If your KYC needs to be updated, you can do so easily by providing the above-mentioned documents.<br /><br />FASTag has become essential if you wish to travel on highways, and with the Nitin Gadkari-led Transport and Highways Ministry pushing for FASTag and mulling satellite-based tolling systems, it is important to keep a functional FASTag.<br /><br /><strong>SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/tech/mobile/webstories/realme-12-pro-plus-vs-redmi-note-13-pro-plus-price-specs-and-features-compared/slidelist/107266344.cms">Realme 12 Pro Plus vs Redmi Note 13 Pro Plus – battle of the new mid-range smartphones</a><br /><br /><a href="https://www.businessinsider.in/stock-market/webstories/ril-has-the-20-lk-cr-milestone-in-sight-after-biggest-one-day-gain-in-over-3-years/slidelist/107251135.cms">RIL has the ₹20 lk cr milestone in sight after biggest one day gain in over 3 years</a><br /><br /></strong><a href="https://www.businessinsider.in/business/auto/news/porsche-macan-ev-arrives-in-india-to-take-on-mercedes-and-audi/slidelist/107261991.cms"><strong>Luxury EV new entrant – After Mercedes and Audi, India has the Porsche Macan</strong></a><br />

FASTag KYC last day – How to update, documents required and more

<keyword id="19902762" type="General" weightage="20" keywordseo="google" source="keywords">Google</keyword>, which spent $2.1 billion on severance and other expenses as it laid off more than 12,000 employees last year, will spend another $700 million on employee severance charges for the first quarter of this year. <br /><br />Alphabet (the parent company of Google) posted revenues of $307 billion for the full year 2023, up 9 per cent compared to 2022.<br /><br />"We ended with a strong fourth quarter (quarter ended December 31) with consolidated revenues of $86.3 billion, up 13 per cent versus last year in both reported and constant currency. Search remained the largest contributor to revenue growth," said <keyword id="20233484" type="General" weightage="20" keywordseo="ruth-porat" source="keywords">Ruth Porat</keyword>, Chief Financial Officer.<br /><br />At this point in the quarter, the company estimates that severance-related expenses will be roughly $700 million in the first quarter "as we've continued these efforts".<br /><br />"We will continue to invest in top engineering. So that's sort of the big one, if you start with product prioritization and organizational design, which is why also the note about the severance-related expense, which helps pave the way as we're continuing to do the work that we're doing," Porat told analysts during the earnings call late on Tuesday.<br /><br />Within Google Services, revenues were $76.3 billion, up 12 per cent. Google Search and other advertising revenues of $48 billion in the quarter were up 13 per cent, led again by growth in retail. YouTube advertising revenues of $9.2 billion were up 16 per cent, driven by both direct response and brand advertising, said the company.<br /><br />"Subscriptions are growing strongly, powered by <keyword id="20184157" type="General" weightage="20" keywordseo="youtube-premium" source="keywords">YouTube Premium</keyword> and Music, <keyword id="20238936" type="General" weightage="20" keywordseo="youtube-tv" source="keywords">YouTube TV</keyword>, and Google One. Three, Cloud, which crossed $9 billion in revenues this quarter and saw accelerated growth, driven by our gen AI and product leadership," said <keyword id="19954681" type="General" weightage="20" keywordseo="sundar-pichai" source="keywords">Sundar Pichai</keyword>, Alphabet and Google CEO.<br /><br />"We have long led the way in using AI to improve many of our products from search to ads to most of our consumer and enterprise products, helping billions of people already," he added.<br /><br /><b>SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/porsche-macan-ev-arrives-in-india-to-take-on-mercedes-and-audi/slidelist/107261991.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/business/auto/news/porsche-macan-ev-arrives-in-india-to-take-on-mercedes-and-audi/slidelist/107261991.cms" target="_blank">Luxury EV new entrant – After Mercedes and Audi, India has the Porsche Macan</a><a href="https://www.businessinsider.in/tech/mobile/webstories/realme-12-pro-plus-vs-redmi-note-13-pro-plus-price-specs-and-features-compared/slidelist/107266344.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/tech/mobile/webstories/realme-12-pro-plus-vs-redmi-note-13-pro-plus-price-specs-and-features-compared/slidelist/107266344.cms" target="_blank">Realme 12 Pro Plus vs Redmi Note 13 Pro Plus – battle of the new mid-range smartphones</a><a href="https://www.businessinsider.in/tech/mobile/news/the-iphone-15-is-15000-cheaper-in-india-after-four-months-of-launch/articleshow/107260910.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/tech/mobile/news/the-iphone-15-is-15000-cheaper-in-india-after-four-months-of-launch/articleshow/107260910.cms" target="_blank">The iPhone 15 is ₹15,000 cheaper after four months of launch</a></b><br />

Google posts $307 bn revenue in 2023, spent billions of dollars to lay people off

<ul class="summary-list"><li>A big part of the electric car transition is cost parity with gas-powered vehicles.</li><li>While charging and fueling trucks costs the same, other cars and their electric counterparts differ.</li></ul><p>It's not yet cheaper to charge many electric cars than it would be to fuel their gas-powered counterparts up with gas, a new study found.</p><p><a href="https://www.businessinsider.com/electric-vehicles-cost-more-per-mile-range-than-gas-cars-2022-2">The cost of filling up at a gas station versus plugging in</a> — and whether or not those two match up — largely depends on the segment and price, according to a study from Anderson Economic Group, published Tuesday.</p><p>Trucks cost about the same to fuel and charge, while entry- and mid-level cars and SUVs cost more to charge at home and in public than they do to fuel at a gas station, the group found. Luxury cars and SUVs fall somewhere in the middle.</p><p>The study is based on the latest information on gas and residential electricity prices, commercial charging prices, tax rates on fuel and electric cars, fuel economy details, and more to compare the cost of fueling versus charging for 100 miles of driving.</p><p>Last year, <a href="https://www.businessinsider.com/gas-prices-buy-electric-car-ev-ukraine-russia-2022-3">skyrocketing gas prices turned many consumers onto the idea of electricity</a>. As gas prices normalize, there is less incentive for some people to make the switch.</p><p><a href="https://www.businessinsider.com/electric-cars-cost-versus-gas-powered-vehicles-2023-4">Cost parity between electric vehicles and internal-combustion engine cars</a> is largely lacking; that is, EVs are generally more expensive (with an average transaction price of $53,438 in <a href="https://mediaroom.kbb.com/2023-07-11-Kelley-Blue-Book-Analysis-Average-New-Vehicle-Transaction-Price-in-June-Posts-Smallest-Annual-Gain-in-Nearly-4-Years">June, per Kelley Blue Book</a>) than gas ones (averaging $48,808). </p><p>Reaching <a href="https://www.businessinsider.com/tesla-electric-vehicle-price-war-automakers-profitability-benefit-car-buyers-2023-1">cost parity is going to be a crucial part of boosting EV adoption</a>, and it is improving — but that's not the end of the story. How much it costs to fuel versus charge vehicles is something consumers are taking into consideration, too.</p><p>Here's how the costs break down by segment: </p><div type="image" title="A white Ford F-150 in the driveway of a cabin with green garage doors." height="853" width="1137" msid="102339406" hostid="261"></div><h2>Trucks</h2><p>For trucks, it roughly costs the same to fuel and charge. Whether you're fueling a Ford F Series, Ram 1500, or Chevrolet Silverado, it costs about $17.58 for every 100 miles. Trucks that take diesel also cost around $17.10 to fuel for the same mileage. If you have a Rivian R1T or GMC Hummer, the cost to charge at home isn't much different; it's around $17.72 per 100 miles.</p><p>The cost to charge, however, skyrockets 48% to $26.38 if a driver is mostly charging in public.</p><div type="image" title="The 2023 Chevrolet Bolt EV electric hatchback." height="1505" width="2007" msid="102339411" hostid="261"></div><h2>Entry-level cars and SUVs</h2><p>Maybe a driver owns a Nissan Versa, Hyundai Elantra, or Kia Forte. It'll cost them $9.78 in gas for every 100 miles.</p><p>But switch to a Nissan Leaf or Chevrolet Bolt, and that increases to $12.55 in home charging expenses. Head to a commercial charger, and a driver is looking at nearly $16 — 64% more than if you stuck with a gas-powered car in the same segment.</p><div type="image" title="The Mercedes-Benz EQS SUV." height="1406" width="1875" msid="102339415" hostid="261"></div><h2>Luxury cars and SUVs</h2><p>The luxury segment is interesting in that it actually might cost less to own electric — so long as you plug in at home.</p><p>It costs $17.56 for every 100 miles for a gas-powered Lexus ES, Porsche Macan, Mercedes-Benz GLE, or similar vehicle. </p><p>The Porsche Taycan, Tesla Model X and Model S, and <a href="https://www.businessinsider.com/luxury-electric-car-suv-rolls-royce-bmw-mercedes-lucid-interior-2023-8">Mercedes-Benz EQS</a> might cost around $13.50 if you're juicing up in your garage, saving you about 23%.</p><p>But if you drive one of these EVs and you mostly use public charging, you're back to square one, paying around $17.81 per 100 miles.</p><div type="image" title="The Kia EV6." height="1422" width="1897" msid="102339418" hostid="261"></div><h2>Mid-level cars and SUVs</h2><p>For now, drivers will likely pay more to charge their Ford Mustang Mach-E, Kia EV6, or Volkswagen ID.4 than to fuel their internal-combustion engine counterparts like the Chevrolet Equinox, Nissan Altima, or Subaru Outback.</p><p>Charging any of these vehicles at home will run about $12.62 per 100 miles, while fueling one at a gas station might run $11.08. That difference, while not incredibly substantial, might add up — and when these drivers go to a public charging station, they're likely to pay $16.10 per 100 miles.</p><p><em><strong>Have you bought a vehicle and its electric equivalent (such as a F-150 and then the Lightning)?</strong> How much does it cost to charge compared with what you paid in fuel? If you have a tip or opinion to share, contact this reporter at astjohn@insider.com.</em></p>

Most cars still cost more to charge than to fill up with gas

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Polestar</span></p><p class="caption">Polestar 2.</p></div><p></p></div></div></p><ul class="summary-list"><li><strong><a href="https://www.businessinsider.com/category/volvo" target="_blank" rel="noopener">Volvo's</a> high-performance <a href="https://www.businessinsider.com/category/polestar" target="_blank" rel="noopener">Polestar</a> brand unveiled the all-new Polestar 2 EV on Wednesday.</strong></li><li><strong>The Polestar 2 is a compact electric sedan designed to rival <a href="https://www.businessinsider.com/category/tesla" target="_blank" rel="noopener">Tesla's</a> hot-selling Model 3. </strong></li><li><strong>Polestar 2 should have a range of 275 miles on a single charge.</strong></li><li><strong>Its electric motor develops 408 horsepower and draws power from a 78 kWh lithium-ion battery pack. </strong></li><li><strong>In the US, the fully-loaded Polestar 2 Launched Edition starts at $63,000. </strong></li><li><strong>Production is expected to start in early 2020. </strong></li></ul><p>Volvo's high-performance Polestar brand unveiled the all-new Polestar 2 EV on Wednesday. The Polestar 2 is a compact electric sedan designed to rival Tesla's hot-selling Model 3. </p><p>"Polestar 2 is our first fully electric car and first volume model," Polestar CEO Thomas Ingenlath said in a statement. "Everything about it has been designed and engineered with passion and dedication."</p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Polestar</span></p></div><p></p></div></div>According to Ingenlath, the mass production Polestar 2 is a major step in the company's quest to deliver environmentally friendly, high-performance automobiles. </p><p>"As an electric performance brand, and through the forthcoming launch of a portfolio of fully electric cars, Polestar is determined to address the world's air quality challenges," he said. "Polestar delivers electric performance cars that are great to own and drive."</p><p>Volvo Car Group owns 50% of Polestar while Volvo's parent company Geely Group owns the other 50%.  </p><p>Polestar 2 is expected to have a range of 275 miles on a single charge. Its pair of electric motors develop 408 horsepower drawing electricity from a 78 kWh LG Chem battery pack. (China market cars will get a 72 kWh locally produced battery pack.) </p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Polestar</span></p></div><p></p></div></div>Polestar 2 is built on Volvo's Compact Modular Architecture (CMA) platform.</p><p><em><strong>Read more</strong>: <a href="https://www.businessinsider.com/porsche-macan-suv-electric-confirmed-2019-2" target="_blank" rel="noopener">Porsche just confirmed that the best-selling Macan SUV will soon be all electric</a></em>.</p><p>According to the automaker, Polestar 2 can hit 60 mph in less than five seconds. </p><p>The Polestar 2 is available with a Performance Pack with added goodies like öhlins dampers, Brembo brakes, and 20-inch wheels. </p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Polestar</span></p></div><p></p></div></div>The Polestar 2's interior features an 11-inch vertically-oriented touchscreen. It will be one of the first cars in the world to feature an Android-powered infotainment system that offers features such as Google Assistant and Google Maps. </p><p>The Polestar 2 will go into production at the company's Chengdu, China factory in early 2020 in both right and left-hand drive. </p><p>The fully-loaded Polestar 2 Launch Edition will start at $63,000 in the US. A $7,500 federal tax incentive can knock the price down to $55,500. </p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Polestar</span></p></div><p></p></div></div>A shorter range version of the Polestar 2 will be sold in Europe. However, there are no current plans to offer that variant in the US. </p><p>As with all Polestar models, the Polestar 2 will only be available for sale online. </p><p>The Polestar 2 will make is official auto show debut in March at the 2019 Geneva Motor Show. </p>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/london-public-transit-lost-property-office-2019-2">How Transport for London organizes 340,000 lost items</a></h3>        <div>                    </div>    </div>

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