Porsche announced at its annual press conference, which was held online, that its 2019 was the most successful year in history, with sales increasing 10% to 280,000 cars. It has been announced that the company will invest € 15 billion in new product development over the next four years.
The money will be spent on electrification and digitization of the car, and a third will be in the form of capital investments, including a 15% stake in Rimac. It has also been confirmed that investments in models with internal combustion engines will continue.
“We will continue with the 911 gasoline engines and improve them step by step. I continue to invest in internal combustion engines. That's key to Porsche – especially the 911. We have done a very deep analysis of what will be the best chance of reducing CO2 emissions and are considering synthetic fuels“Said Porsche CEO Oliver Blume.
It is a carbon-neutral way to run gasoline engines, and one has already been tested.
“We already do tests with historic cars like the 993, with very good results. The costs are currently too high and we do not have the ability to produce fuels in a very sustainable way, so with the help of our partners we are considering wind or solar energy production. It will be very attractive for cars that are already on the market“Said the head of Porsche.
Motor sport could be one way to further develop these fuels, since in that case there is not so much burden on the final cost. This could justify racing programs at a company moving towards reducing CO2 emissions at every stage of car manufacturing and development.
“Hydrogen for us is not usable in sports cars. It takes a lot of space to enter it, and the entire supply chain is complicated. It's very expensive“Says Blume.
He stressed that Porsche could achieve the goal of selling electric cars by 5025 by 2025 without the help of plug-in versions of the 911 and 718 sports models.
Blume said there was a concept for the 911 to go for partial electrification, that is, the development of a hybrid powertrain, while the 718 had not yet made a decision on which direction it would go.