FRANKFURT (Reuters) – Porsche is making a leather-free version of its new Taycan electric sports car in the latest attempt by a German automaker to play up green credentials as environmental activists lobby for a boycott of the industry.

Last month, a climate activist group smashed up 40 luxury vehicles and called for a boycott of this month’s Frankfurt Auto Show because it celebrates an “outmoded climate and environment destroying transportation system.”

Porsche, part of Volkswagen (DE:), said on Wednesday it would invest 6 billion euros ($6.7 billion) through 2022 to develop electric vehicles, as it presented its first zero-emissions sports car.

“With the Taycan, Porsche offers an entirely leather-free interior for the first time. Interiors made from innovative recycled materials underscore the sustainable concept of the electric sports car,” Porsche said.

The Taycan has a range of 450 kilometers, making it the first electric vehicle from a German carmaker capable of rivaling Tesla (O:) in terms of operating range.

Thanks to an 800 volt system, the car is also capable of adding 100 kilometers to its range from a five minute recharging of its battery, Porsche said.

The Porsche Taycan Turbo S is priced at 185,456 euros, or 138,826 pounds. First customer deliveries are anticipated from January 2020, the carmaker said.

Other sports car makers are also rushing to develop electric models. Ferrari (N:) said last month it hoped to introduce a fully-electric model some time after 2022.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

2019-09-04