Porsche’s new electric Macan earns 10,000 orders ahead of deliveries
Porsche is launching four new vehicles this year, its most ever. This will include the new all-electric Macan EV, which Porsche says is already seeing strong orders.
Porsche AG 2023 earnings results
“Our strong results are due to the high demand for our attractive products and strict cost discipline,” Porsche CFO Lutz Meschke said following the company’s 2023 earnings results.
Porsche generated $44.2 billion (40.5 billion euros) in revenue in 2023, up 7.7% year-over-year (YOY).
Despite rising inflation and “exceptionally high investments,” Porsche maintained an operating return on sales of 18%. The growth was partly driven by a 3.3% rise in deliveries, with 320,221 vehicles handed over last year.
Following the strong results, Porsche aims to launch “no fewer than four new or considerably revised” vehicles this year.
The first will be the new Panamera (which is slated to go electric). After that, the updated all-electric Taycan will go on sale this spring.
Porsche revealed the refreshed 2025 Taycan last month, which packs more range, faster charging, and even better performance. The company followed it up with its “most powerful series production Porsche of all time.”
The Taycan Turbo GT made its official debut this week. With up to 1,092 hp, the Porsche Taycan Turbo GT (with Weissach package) can hit 0 to 60 mph in 2.1 seconds.
Porsche Macan EV sees strong orders ahead of deliveries
In the second half of 2024, deliveries of the new Porsche Macan EV will kick off. The new 100% electric Macan will be built alongside its ICE sister model in Leipzig.
Porsche said Macan EV orders have “developed very positively” since the books opened. CEO Oliver Blume boasted, “We already have 10,000 orders, and these customers haven’t even been able to drive the car yet.”
An upgraded 911, including a high-performance hybrid drive version, is due out early this summer.
With demand for electric vehicles climbing, Porsche is sticking to its EV sales target. Porsche expects 80% of deliveries to be all-electric by 2030.
Porsche is “driving forward the ramp-up of e-mobility with the same dedication as ever.” These plans include an electric 718 planned for the middle of the decade. Following that, Porsche will launch its long-awaited electric Cayenne.
Porsche is also expanding its lineup “upwards” with a new all-electric luxury SUV. The electric SUV will be “sportily positioned above the Cayenne.”
The new EV will be based on the SSP platform, which is also expected to power the first electric Lamborghini model. Blume said the upcoming luxury EV will be “a very sporting interpretation of an SUV.”
That said, Porsche expects lower profits this year with several new model launches. Porsche aims for an operating return on sales between 15% and 17%. Revenue is expected to be slightly higher in 2024, at around 40 to 42 billion euros ($43.7K to $45.8K).
Meanwhile, Meschke said Porsche is sticking to its mid-term return target of 17% to 19%. In the long-term, Porsche aims for over 20%.
Source: Automobilwoche, Porsche AG
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Electricity demand is surging in Texas, and solar, wind, and battery storage are meeting it.
According to new data from the US Energy Information Administration (EIA), electricity demand across the Texas grid managed by the Electric Reliability Council of Texas (ERCOT) hit record highs in the first nine months of 2025. ERCOT, which supplies power to about 90% of the state, saw demand jump 5% year-over-year to 372 terawatt hours (TWh) – a 23% increase since 2021. No other major US grid has grown faster over the past year.
Solar and wind keep ERCOT’s grid steady
The biggest growth story in Texas power generation is solar. Utility-scale solar plants produced 45 TWh from January through September, up 50% from 2024 and nearly four times what they generated in 2021 (11 TWh). Wind power also continued to climb, producing 87 TWh through September – a 4% increase from last year and 36% more than in 2021.
Together, wind and solar supplied 36% of ERCOT’s total electricity over those nine months. Solar, in particular, has transformed Texas’s daytime energy mix. From June to September, ERCOT solar farms generated an average of 24 gigawatts (GW) between noon and 1 pm – double the midday output from 2023. That growth has pushed down natural gas use at midday from 50% of the mix in 2023 to 37% this year.
Battery storage is filling in the gaps
Batteries charge during the day when wind and solar generation are the highest, and they produce electricity when generation from wind and solar slows down. ERCOT began reporting battery output separately in October 2024 in its hourly grid data, and it’s clear that batteries are now helping to smooth out evening peaks. This past summer, batteries supplied an average of 4 GW of power around 8 pm, right as solar production dropped off.
Natural gas is flatlining
Natural gas is still Texas’s dominant power source, but it isn’t growing like it used to. Between January and September, gas-fired plants generated 158 TWh of electricity, compared to 161 TWh in 2023. Gas comprised 43% of ERCOT’s generation mix during the first nine months of 2025, down from 47% in the first nine months of 2023 and 2024.
More demand growth ahead
The EIA expects Texas electricity demand to keep rising faster than any other grid in the US. In its latest Short-Term Energy Outlook, the EIA projects ERCOT’s demand will climb another 14% in the first nine months of 2026, reaching 425 TWh. That means Texas will need even more solar, wind, and battery storage to keep up with its breakneck growth.
Read more: This $900 million solar farm in Texas is going 100% to data centers
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GM is recalling nearly 23,000 Chevy Equinox EV and Cadillac Optiq models due to a defect where the tire tread could fall off.
GM is recalling more Chevy Equinox EV models
In a letter sent to the National Highway Traffic Safety Administration (NHTSA), GM said it has decided to issue a safety recall for certain Chevy Equinox EV and Cadillac Optiq models from model years 2025 to 2026.
This time, it isn’t necessarily GM’s fault. The vehicles may be equipped with 21″ all-season tires that Continental Tire is recalling.
According to Continental, the tires were produced during the week of October 6, 2024, and may have a defect where the tire tread could partially or fully detach. The records show the defect is due to a nonconforming tread base rubber compound.
Owners of affected vehicles may notice unusual tread wear or bulging, vibration while driving, or tire noises. GM is unaware of any incidents related to the defect, but is issuing the recall out of an abundance of caution.
On September 18, 2025, GM inspected the assembly plant and confirmed there were no suspect tires in stock. The 21″ tires come standard on RS trims and are optional on LT1 and LT2 grades.
Although GM is recalling 22,914 Chevy Equinox EVs and Cadillac Optiqs, it estimates that only about 1% of them have the defect.
The recall includes:
- 2026 Cadillac Optiq: 214
- 2026 Chevy Equinox EV: 1,832
- 2025 Cadillac Optiq: 3,468
- 2025 Chevy Equinox EV: 17,400
GM dealers will check all four tires and replace them if needed, free of charge. Dealers were notified on October 16. Owner notification letters are expected to be mailed out on December 1, 2025.
You can contact Chevrolet’s customer service number at 1-800-222-1020 or Cadillac’s at 1-800-333-4223. GM’s recall number is N252525030. Owners can also call the NHTSA hotline at 1-888-327-4236 or visit the nhtsa.gov website for more information.
The Chevy Equinox EV is now the third best-selling EV in the US, trailing only the Tesla Model Y and Model 3. Meanwhile, Cadillac’s entry-level Optiq SUV is the fifth-most-popular luxury EV. The recall is minor and only affects a small percentage of models, so it’s not expected to have a major impact.
If you want to test one of them for yourself, we can help you get started. Check out our links below to find available Chevy Equinox EV and Cadillac Optiq models near you.
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In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Tesla’s earnings madness, Rivian layoffs, Ford pausing F-150 Lightning, and more.
The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel.
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After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:
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