Porsche will launch new gas-powered and plug-in hybrid (PHEV) cars as its EV models fail to gain traction. The sports car maker warned that the new combustion engine models and battery development expenses would hurt profits this year, sending share prices plunging.
Porsche plans new gas-powered cars to boost profits
After announcing that it expects profit margins to be between 10% and 12% this year, Porsche said it’s taking “extensive measures” to boost short and medium-term profits.
The forecast is well below Porsche’s long-term goal of an operating return on sales of more than 20%. To boost profits, the company announced plans to add new gas-powered (combustion engine) and plug-in hybrid vehicles to its lineup.
Porsche warned the new models and additional battery investments would take a hit on profits this year, costing an extra 800 million euros ($830,000).
The shift comes after Porsche’s deliveries fell 3% last year, with China, one of its most important markets, leading the downfall. Deliveries in China plunged 28% as it failed to keep up with domestic EV makers like BYD, Xiaomi, and XPeng.
New 2025 Porsche Taycan GTS (Source: Porsche)
Last week, Porsche said it was in talks over ending contracts for CFO Lutz Meschke and Detlev von Platen, head of sales and marketing.
After introducing the upgraded 2025 model last year, Porsche delivered just over 20,800 Taycan models, nearly 50% fewer than in 2023.
Porsche Macan EV (Source: Porsche)
Porsche also began deliveries of its second electric vehicle, the Macan, at the end of September. This vehicle should help provide some relief this year. The company said the Macan EV launch “literally electrified us” after delivering over 18,000 models by the end of 2024.
Following the updated guidance, Porsche’s stock suffered one of its worst days since listing in 2022. Porsche, which was once valued higher than parent company Volkswagen, has watched its market cap dwindle in half from an all-time high in May 2023.
Electrek’s Take
Porsche wants to improve profits by adding new gas-powered cars, but this will likely only set it back further. The sports car maker is already struggling to keep up with BYD and others in China, which was its second-largest sales market in 2023, behind North America.
Taycan sales fell to just 4,747 in the US last year, 37% less than Porsche sold in 2023. Although the new model year rolling out is part of the reason, even Q4 sales were over 40% lower than the year before, at just 1,353 units.
With pure EV makers like Lucid and Rivian gaining momentum and others like Volvo, Genesis, and GM’s Cadillac launching new models, Porshe could lose out in the long term.
The situation is even more severe in China, where BYD, Xiaomi, and other domestic automakers are squeezing foreign brands out of the market.
Xiaomi, which began delivering its first self-developed EV, the SU7, last April, delivered over 135,000 models in 2024. This summer, it will launch its second EV model, the YU7.
Meanwhile, recent reports suggest Porsche could delay more electric models, including the Cayenne EV, due out in 2026.
Putting short-term profits ahead of long-term brand building could set Porsche up for failure. The company has already backtracked on its goal of having 80% of global deliveries electric by 2030, so what’s next?
Will Porsche turn things around? Or will it continue losing market share as the industry shifts to EVs? Drop us a comment below and let us know your thoughts.
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Inflation is back, with prices rising 2.7% compared to last year (and that doesn’t include food, fuel, or rent, which are up even more), which is objectively bad. But it’s not true that everything is getting more expensive. These inflation-busting EVs are heading into 2026 with prices that are lower than they were in 2025!
There’s plenty of reasons for prices to go up or down in a market – everything from tariffs and taxes and increased domestic production to changes in inflation or even just a manufacturerwillingness to take a smaller profit on per-unit sales in order to drive volume. There’s a little bit of all of that happening in the American EV market this year, especially in the face of the expiring Federal EV tax credit that kind of makes most EVs cost $7,500 more than they would have otherwise.
That said, as I was putting this list together, I realized there were plenty of ways for me to present these MY26 price cuts. “Best deals?” Too opinion-based. “Biggest discounts by percentage?” Too much math. In the end, I went with alphabetical order, by make. Enjoy!
Cadillac OPTIQ
Cadillac OPTIQ; via GM.
Cadillac is the industry’s luxury EV leader these days – and for good reason. Its electric crossovers are good-looking, have long range, great acceleration, and ultra-fast charging. Heck, they can even power your home in a pinch.
Silverado EV hauling a John Deere tractor; via GM.
Chevy is crushing it right now. After setting EV range records and surpassing Ford in EV sales this semmer, Chevy is now the fastest-growing domestic EV brand in the US – and they’re seemingly intent on keeping that momentum into 2026 with a more affordable WT trim level that starts at $54,895, compared to $57,095 for the ’25 WT Standard Range.
Despite being objectively capable, technologically-advanced, and supremely luxurious long-range electric vehicles, the Mercedes EQS and EQS SUVs were saddled with a somewhat anonymous, jellybean-like styling language that’s seen the flagship EVs struggle to find a foothold in the ultra-luxury segment they inhabit.
Even with those upgrades, the new and improved 2026 Toyota bZ is cheaper than the outgoing bZ4X, starting at $34,900 – or $2,170 less than the outgoing model.
Disclaimer: the prices above were sourced from CarsDirect, Motor1, and a number OEM websites. All offers were current as of 07SEP2025, and all links provided are from trusted affiliates. These prices may not be available in every market, with every discount, or for every buyer (the standard “with approved credit” fine print should be considered implied). Check with your local dealer(s) for more information.
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Sennebogen’s new 824 G Electro Battery material handler is being put through its paces at a recycling site in Munich’s Aubing district. And, thanks to its innovative grid-connected/battery system, it never has to stop to recharge!
With its emphasis on the recycling of stainless steel, ferroalloys, and superalloys, CRONIMET Alpha’s recycling operations are loud, and adding the ceaseless drone of diesel engines straining against the mass of all that metal as it’s sorted and fed into bailing presses. That’s why the company was so excited to test out Sennebogen’s new, all-electric 824 G Electro Battery material handler during an extensive trial at its Munich site.
So far, CRONIMET’s operators have been impressed with the new Sennebogen. “The battery-powered machine drives just like a diesel-powered one,” explains equipment operator Zoran Alexsic. “You don’t notice any difference in power – only that everything runs much more smoothly and quietly … you don’t have to take breaks to escape the noise.”
Quiet, but powerful
824 G Electro Battery; via Sennebogen.
The Sennebogen 824 G comes standard with a 98 kWh battery, but operators can install up to four modular packs for a total of 392 kWh and roughly eight hours of runtime. Even with a single pack—good for 1.5 to 3 hours—the machine can keep CRONIMET’s operations running almost nonstop, thanks to its built-in dual power mode.
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Sennebogen’s dual power mode enables the 824 G to run on battery while drawing power from the grid at the same time. When connected to grid power, the machine can recharge its batteries as it works, eliminating the downtime other BEVs need for charging and giving operators the freedom to reposition the machine on battery power, then plug back in when convenient.
Beyond flexibility, the electric handler is also cleaner, quieter, and more cost-effective than the diesel models it’s designed to replace. By seamlessly cycling between battery and grid power, it reduces both noise on the job site and energy costs during peak hours.
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MINI has partnered with lifestyle brand, Deus Ex Machina, to develop this. It’s called the Skeg, and it’s a high-performance, racing-inspired electric concept car that’s sure to lighten the mood – by shedding fully 15% of its mass in the quest for speed.
One of a pair of exclusive, one-off concepts based on MINI’s John Cooper Works cars. The Deus Ex Machina Skeg celebrates MINI’s storied racing history with what the company calls, “a clean, minimal, and quiet rebellion,” that draws on materials, technologies, and philosophies from the world of surfing.
The electric MINI JCW Skeg is stripped to its essentials, with much of the steel and aluminum bits replaced with lightweight fiberglass to maximize acceleration while driving the minimalist aesthetic home. The end result weighs 15% less than the standard car – but makes the same stout 190 kW (258 hp) as the production car.
Surf’s up
MINI Skeg concept interior; via BMW.
The interior is stripped back to the barest essentials, reflecting BMW’s vision of a surf culture that prioritizes function over form. MINI claims the end result resembles a mobile surf shop, with fiberglass trays for wetsuits, specially shaped bins, neoprene seats, and other touches that “bring the surf culture into the interior.”
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For their part, the BMW and MINI styling team seems pretty proud of its minimalistic electric endeavor. “In this extraordinary collaboration … every single detail has been crafted with artisanal precision and expertise,” says Holger Hampf, Head of MINI Design. “This has resulted in unique characters that are clearly perceived as belonging together through their distinctive design language and use of graphics.”
The concept retains the production version’s 54.2 kWh li-ion battery pack, up to 250 of WLTP range with the production aero kit, sprints from 0-100 km (62 mph) in just 5.9 seconds. With 15% less mass, though, that should jump to more than 255 miles, with 0-60 times dropping below 5.5 seconds.
I dig it – but I’d skip the surf bits and just appreciate the raw composite, minimalist interior look for what it is. Take a look at the image gallery, below, then let us know what you think of MINI’s Skeg concept in the comments.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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