• Porsche Revving Up All-Electric Sports Car

    Monday, July 26th, 2010

    Porsche BoxsterThe electric sports car scene is heating up with Porsche‘s confirmation of a new all-electric sports car based on its Boxster. The company is conducting daily tests of three research cars to study battery systems and electric drive components.

    Porsche President and CEO Michael Macht said in a statement that Porsche will “definitely be offering electric sports cars in the future,” but that the performance and cruising range must be comparable to existing sports cars. Greater efficiency and lower emissions are the company’s goals for the new vehicles.

    The Boxsters will compete with Tesla‘s Roadster, which has been in production since 2008 and recently received a makeover. With Tesla’s help, Toyota is rumored to also be working on an electric sports car.

    The original Boxster was produced in 1996 and became the company’s top selling car for about seven years.

    Electric Boxster cars will be field tested early next year to determine what infrastructure is needed to support regular usage and to observe how users drive the car.

    But don’t get too excited yet – it will still be a while before the new Boxsters hit the road, and with companies like Mercedes and Audi also working on electric sports cars, they will have plenty of competition.

    Image of current, non-electric Boxster provided by Porsche.

    Company: Porsche
    Website: porsche.com
    Launch Date: 1931

    Porsche is a German manufacturer of high performance automobiles. The company was awarded the title of “Most Prestigious Automobile Brand” by Luxury Institute in a 2006 survey.

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    Company: Tesla Motors
    Website: teslamotors.com
    Launch Date: 2003
    IPO: September 7, 2010, NASDAQ:TSLA

    Tesla Motors, founded by Elon Musk, Marc Tarpenning and Martin Eberhard, is a company that produces a high-performance electric sports car, and is backed by a number of high-profile investors. Introduced in June 2006 to the public complete with a test drive by California Governor Arnold Schwarzenegger, the Tesla Roadster is able to go from 0 to 60 in less than 4 seconds (competitive with Porsche and Lamborghini models), while also delivering 100 miles per gallon (double the...

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