Porsche AG Sets More Ambitious Electric Vehicle Target

Porsche AG Sets More Ambitious Electric Vehicle Target
A Porsche Taycan is displayed at a car show in Oslo, Norway, on Nov. 10, 2021. Victoria Klesty/Reuters
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FRANKFURT—Luxury sportscar maker Porsche AG, which parent Volkswagen could float in a partial stock market listing later this year, on Friday set out a more ambitious sales target for electric vehicles.

More than 80 percent of newly sold Porsche vehicles will be fully-electric in 2030, Porsche AG Chief Executive Oliver Blume said at the group’s annual press conference.