See Porsche's first fully electric car

Porsche Taycan is the name for the production Mission E

Porsche's first all-electric auto will wear a "Taycan" badge when it goes on sale one year from now, the German automaker announced early June.

Oliver Blume, Chairman of the Executive Board of Porsche AG. With this setup, Porsche claims that the Taycan will complete a 0-100 km/h sprint in 3.5 seconds and take just under 12 seconds for a 0-200 km/h speed run. Despite the impressive performance, the Taycan will have a range in excess of 500 km (310 miles) in the New European Driving Cycle.

The announcement of the baptism was made by Porsche on Friday during a " 70 years of Porsche Sports Cars" ceremony.

The Taycan "must be a Porsche first", Stefan Weckbach, vice president of Porsche's battery electric vehicle program, told The New York Times recently.

The Porsche Mission E arrived nearly three years ago at the Frankfurt Motor Show in 2015, signalling Porsche's "Mission" to embrace all things "E". With the lack of charging infrastructure, the chances of the Taycan coming to India anytime soon are nearly non-existent.

Tesla Model S
Tesla Model S

The Taycan will compete against Tesla's Model S sedan. Over $580 million will be allocated to the production of the Taycan and other vehicles based on it, including a crossover previously known as Mission E Cross Turismo.

At Porsche, the vehicle names generally have a concrete connection with the corresponding model and its characteristics.

Porsche says the Taycan will feature two electric motors generating a total more than 440kW.

The Porsche Taycan will offer a range of over 500 km. About $600 million is for developing Taycan variants, a billion more for adding EVs and hybrids to today's product range, several hundred million to expand production sites and around $800 million for new technologies, charging infrastructure, and smart mobility. It's also expanding an existing engine plant to build electric drivelines.

This version of the Taycan is expected to be the flagship model but Porsche has invested a further 500million Euros (£437million) into its electrification strategy to develop additional versions of the vehicle.

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