Porsche Taycan, the first all-electric sports car, has been unveiled! Parent Volkswagen is looking to increase its battery-powered vehicles portfolio. Porsche Taycan price is likely to be $150,900 (Rs 1 crore approx) for the Turbo and $185,000 (Rs 1.3 crore approx) for the Turbo S. The Taycan can recharge 100 kilometres (62 miles) in just four minutes and has a total range of 500 kilometres and is expected to be the flag-carrier in VW’s massive drive to unseat e-car pioneer Elon Musk led Tesla. However, despite all its engineering and designs skills, the world’s largest automaker, VW has struggled to compete with Tesla. 

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The wraps came off Wednesday at simultaneous events in its three biggest markets where Porsche churned out roaring sports cars for seven decades. The debut of the e-Tron from the sister company Audi, a challenger to the Model X sport-utility vehicle, was marred by delays and a recall. Tesla chief Elon Musk has meanwhile expanded in the segment with lower-priced Model 3, which started selling in Europe this year and will be starting its production in China soon. 

Meanwhile, Taycan and the mass-market VW ID.3 will be on display in the Frankfurt auto show next week and are slated to start production later this year. The Taycan is expected to be a turning point for Porsche and the industry as it raises the technical bar for electric vehicles beyond Tesla. The sleek, four-door sedan- Taycan will go head-to-head with Tesla’s Model S, after Mercedes-Benz, Jaguar, and Audi have gone for SUVs to expand their electric-car portfolio.  

Porsche has witnessed decent sales of existing models like the Panamera four-door coupe, with over half of the customers in Europe going for partially emissions-free options. Also to ease concerns over converting to a fully electric lifestyle, the carmaker is installing fast chargers at dealerships in both U.S. and Europe.