Porsche Taycan EV sales fall in the first half of the year – are the alarm bells going off?
Although Porsche posted gains in every sales region during the first half of the year, the company’s report had a glaring hole in it. Sales of its sole electric vehicle, the Porsche Taycan, fell 5% year-over-year despite the stronger performance. Should Porsche be worried?
After unveiling the Taycan as its first all-electric vehicle in 2019, the EV quickly became one of Porsche’s top-selling models.
In 2021, the German automaker delivered 41,296 Taycan models globally, more than doubling year-over-year (YOY) and outselling the famed Porsche 911, Panamera, 718 Boxster, and 718 Cayman models.
The hype was short-lived as Taycan deliveries slipped 16% last year to 34,801. Porsche attributed the decline to “supply chain bottlenecks and limited component availability,” both of which affected the electric sports car in particular.
After delivering only 9,151 Taycan models in the first three months of 2023, down 3% from Q1 2022, Porsche again said the falling numbers were due to “disproportionately high” parts unavailability.
Despite the supply chain hurdles in the first quarter, Porsche’s CFO, Lutz Meschke, explained the automaker was in a “very steep ramp-up curve” with its supplier. “Therefore, we expect an increase in the BEV share in the upcoming months,” he added.
Porsche Taycan EV sales continue slipping
So far, Meschke’s prediction doesn’t seem to be the case. Through the first half of the year, Porsche Taycan EV sales are down 5% YOY to 17,991, while 911 deliveries reached over 26K.
Porsche says deliveries of electric sports cars continue to be impacted “by shortfalls in the availability of parts than other models.”
According to information from Automobilwoche, the “parts” Porsche is referring to are primarily semiconductors. The report notes that up to 5,000 of them are installed in Taycan models, more than any other in its lineup.
However, as the report claims, Porsche’s Taycan EV sales problem should be a thing of the past as the shortage eases. Porsche aims to deliver around 40,000 units this year, which would represent an increase of over 5,000 more vehicles than in 2022.
Electrek’s Take
With its second electric vehicle not due out until next year, the Porsche Macan EV, the automaker will need to figure out the supply chain issues or risk falling further behind as the industry moves to an all-electric future.
Porsche has already delayed the electric Macan by over a year due to the slow development of its software platform. The electric SUV is set to ride on the new PPE premium electric platform being co-developed with Audi.
Meanwhile, other luxury automakers seem to be ramping up EV production just fine. For example, Mercedes-Benz’s EV sales climbed 123% globally to 56,3000 in the second quarter. BMW also saw electric car sales more than double (+117.5%) to 88,289.
The trend will be something to watch closely as we go through the second half of the year.
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With 615 horsepower, the Cadillac Lyriq-V is the quickest Caddie to date. Cadillac’s first V-Series EV will outsprint a CT5-V Blackwing, and it can be yours for under $80,000.
The 2026 Lyriq-V EV is the fastest Cadillac ever
We knew it was coming soon. Cadillac teased the Lyriq-V for the first time in late October, giving a sneak peek at its first electric V-Series vehicle.
Cadillac’s performance brand is known for iconic sports cars like the CT5-V Blackwing, but the new EV pushes the “V-Series sub-brand to new heights,” boasted John Roth, vice president of Global Cadillac.
As the first EV to wear the V-Series badge, Cadillac promised the Lyriq-V would be powerful, but we didn’t know it would be this fast.
Cadillac officially introduced the 2026 Lyriq-V on Thursday, revealing additional specs, prices, and more. With an estimated 615 hp and 650 lb-ft of torque and a standard dual motor AWD powertrain, the EV is expected to accelerate from 0 to 60 mph in just 3.3 seconds, making it the quickest Cadillac to date.
At that speed, it would outrun the Cadillac CT5-V Blackwing with a 0 to 60 mph sprint time in 3.4 seconds. Although the CT-5 packs slightly more horsepower (668 hp), the Lyriq-V’s EV powertrain unlocks more powerful, instant acceleration.
The added power is enabled by an added Velocity Max feature, which “unleashes the vehicle’s full performance capability” with a surge of power and acceleration.
Interior and exterior design, prices, and features
The V-Series model differs from the traditional Lyriq with a lower center of gravity and custom front and rear bumpers. It also features V-Series badging on the rear doors and tailgate, V-pattern mesh on the lower grille, and 22″ wheels with the logo etched into the side.
Inside, the performance EV borrows features from the Lyriq, such as a panoramic fixed glass roof, a 23-speaker AKG sound system, and a massive 33″ LED display screen.
Cadillac distinguishes the V-Series from the traditional Lyriq by adding the V-Series logo, a V-mode button, and a sports rim with hand grips. Other unique features include a custom infotainment experience with a “V-Series persona,” a signature V-Series illuminated sill plate and V-pattern detailing on the seatbacks.
A 102 kWh battery pack is expected to provide a range of up to 285 miles. The 2026 Cadillac Lyriq-V starts at $79,990, including the destination fee.
In comparison, the Tesla Model Y Performance starts at $51,490 and has an EPA-estimated range of up to 277 miles. It also includes AWD and can accelerate from 0 to 60 mph in 3.5 seconds.
Cadillac’s new performance EV will be sold in the US, Canada, Australia, and New Zealand. Other markets will be announced closer to launch. GM will begin producing the new Lyriq-V at its Spring Hill, TN, manufacturing plant in early 2025.
What do you think of the Cadillac’s new performance EV? Would you buy one for $80,000? Or are you sticking with the Model Y Performance? Drop us a comment below to let us know.
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Tesla has announced some important price hikes across its entire lineup in Canada amid incentives going away and a struggling Canadian dollar.
The Canadian EV market is already having problems amid announcements that the federal incentive program will be eliminated. The same thing is happening to Quebec’s own program, which was the most generous in the country—making the province the leader in EV adoption in Canada.
Now, Tesla, which sells more EVs than anyone in Canada, announced that it is increasing prices on all its lineup.
Here are the price increases for each Tesla model:
- Model 3:
- Long Range RWD: $4,000
- Long Range AWD: $8,000
- Performance: $9,000
- Model Y: $4,000
- Model S: $4,000
- Model X: $4,000
Buyers can still get $1,300 CAD off of new Model Y, Model S, or Model X purchases with a referral code.
Tesla never comments on price changes and therefore, we don’t know the official reasons for these specific price increases, but we can make some educated guesses.
First off, the Canadian dollar has crashed in comparison to USD over the last few months:
Furthermore, the timing of announcing that the price increases will take place on February 1st has led some to link this to the upcoming tariff wars that President Trump signaled against Canada.
The US President said that he plans to impose 25% tariffs on any goods coming from Canada, and Canada said that it would retaliate.
Electrek’s Take
Obviously, this is not good for the EV market in Canada.
The removal of incentives is already hurting the market, and now the base price of the most popular EVs in the country, Tesla vehicles, is also going up before incentives.
This will be a bad year for EVs in Canada.
Hopefully, things will settle down and we will get more clarity once the tariff war actually starts.
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