Porsche has committed to building more petrol vehicles (Image: Porsche)
has become the latest brand to U-turn on its pledges, with the iconic sportscar brand admitting engines will stay.
Just two years ago, the iconic German marque claimed that 80 percent of its output would be battery-electric vehicles by 2030.
However, bosses have now accepted the brand may need to keep producing petrol-engined versions
This could mean that the future Macan, Vixter and Cayman cars, which were understood to be electric only, could now launch alongside a petrol or hybrid offering.
The news comes after figures from Porsche’s latest earnings revealed sales of their all-electric Taycan model had dropped.
Some of Porsche’s newer models could soon come with petrol alternatives (Image: Porsche)
Sales for the EV sportscar were down by 50 percent in Q3 compared to the previous quarter.
Porsche’s chief financial officer Lutz Meschke confirmed plans to refocus their efforts after the announcement.
Speaking to , Lutz explained: “What is clear is that we are sticking with the combustion engine for much longer.”
Porsche had been hinting at a possible throwback of its EV approach in recent weeks.
The brand recently confirmed that the frightening V8 petrol engine found in some Cayenne and Panamera models will still be built “well into the 2030s”.
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The news comes after Porsche Taycan sales figures were down (Image: Porsche)
Porsche is not the first manufacturer to admit they had not yet finished investing in combustion vehicles.
Earlier this year, they had seen a “lack of consumer demand” for electric models.
He admitted the transition to EVs would likely take longer than planned and confirmed the British brand would still produce petrol machines for the foreseeable future.
He commented: “As long as we’re allowed legally to keep making them, we will keep making them.”
Last month, Mercedes-Benz CEO Ola Källenius said the luxury firm
Ford boss Jim Farley has previously warned the American giant if sales figures improved.
Meanwhile, Japanese brands Mazda, Subaru and Toyota are working on new powertrains to run on carbon-neutral biofuel.
The announcement comes just days after the Government suggested that strict
The policy forces manufacturers to produce a certain number of electric models to meet specific targets.
But firms are reportedly having to discount and sell some EVs below asking price solely to meet the rules and avoid fines.