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As Porsche moves toward an electric future, the automaker aims to deliver the same margins with its EVs, if not more, than its ICE models. Porsche’s production manager Albrecht Reimold says the Taycan and Macan EVs are “on the right track” to achieve a comparable margin with its combustion engine models.

After its debut in 2019 as Porsche’s first all-electric model, the Taycan quickly emerged as one of its top-selling models.

Despite a six-week pause in production, Porsche Taycan deliveries totaled over 20K in its first year on the market, becoming its best-selling non-SUV in the US.

The following year, Porsche Taycan deliveries more than doubled to over 41K, outselling its renowned 911, Panamera, 718 Boxster, and 718 Cayman models. However, the sports carmaker ran into supply chain issues this past year, derailing the electric car’s momentum.

Taycan deliveries slipped 16% in 2022 to 34,801. The automaker attributed it to “supply chain bottlenecks and limited component availability,” particularly affecting the electric car.

The trend has continued, with only 9,151 Taycan deliveries in Q1 (-3% YOY) and another 8,840 in Q2, for a total of 17,991 through the first half of 2023 (-5% YOY).

Porsche-Taycan-EV-sales
Porsche Taycan Turbo (Source: Porsche)

In an interview with Automobilwoche, Reimold said, “It is true that we repeatedly had difficulties, especially with semiconductors.” He added, “That has stabilized and we are currently assuming that more units will leave the factory this year than in 2022.”

Porsche Taycan, Macan EV margins comparable with ICE

Reimold wants to increase Porche’s profit margin to 20% over the long term. Porsche’s return on sales was 18% in 2020 and 18.2% in the first three months of the year.

Porsche-Taycan-Macan-margins
Porsche Taycan (Source: Porsche)

To do so, the production boss says technical development will play a key role. Reimold said the automaker is working closely with each new model to produce it at a reasonable cost. He added:

It depends on every component and every screw that we don’t have to use in the end. On the other hand, we are constantly working on improving our processes and implementing new technologies that increase our efficiency.

Porsche aims to “achieve a sustainable margin that is comparable to that of our combustion engines.” Reimold said:

We are on the right track here with the Taycan and the future Macan.

Although the Taycan and Macan EVs are headed in the right direction, Porsche says it still has a few steps with its planned luxury electric SUV called “K1,” slated to sit above the all-electric Cayenne and Macan models.

The K1 electric SUV will be the first Porsche seven-seater poised to compete against ultrapremium brands like Lamborghini, Bentley, and Rolls-Royce.

Porsche-Taycan-Macan-margins
Dr. Michael Steiner, member of the executive board, research and development, at Porsche AG, in front of two camouflaged prototypes of the all-electric Macan (Source: Porsche)

Reimold claimed Porsche would “have to take a closer look at purely electric vehicles to see where we can become more efficient overall,” including batteries and utilizing digitalization to get the new SUV to where it wants.

Despite several automakers moving toward in-house production after Tesla, Porsche is sticking to its philosophy of having a lower level of vertical integration than others.

Reimold says he “will do everything with my colleagues” to ensure the Macan EV is delivered to customers in 2024. Following that will be the electric 718 in 2025, the Cayenne EV in 2026, and the new SUV slated to sit above the Cayenne in 2027. Porsche aims for over 80% of its sports cars to be purely electric by 2030.

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E1 Series gains more star power as NBA great LeBron James joins as owner of Team AlUla

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E1 Series gains more star power as NBA great LeBron James joins as owner of Team AlUla

Young Electric Boat Racing League E1 continues to expand its lineup of race teams as it approaches its second UIM E1 World Championship Season in 2025. Several big names in sports and entertainment signed on for season 1, but this next Championship series includes a new name – LeBron James, who will lead Team AlUla.

As you may or may not know, the UIM E1 World Championship is a new electric racing boat series first announced in 2022. It kicked off its inaugural season in February 2024 with the Jeddah GP, held in Saudi Arabia.

Since its inception, E1 co-founders Rodi Basso and Alejandro Agag have put together an impressive roster of team owners and continue to grow the league to draw more attention to sustainable motorsport and deliver stiffer competition.

Before season 1 of the UIM E1 World Championship Series, several familiar names joined as team owners, including Formula 1 veteran Sergio Perez, superstar DJ Steve Aoki, musician Mark Anthony, and, most recently, Will Smith.

Additional teams are owned by sports legends like Rafael NadalDidier Drogba, and the NFL’s Tom Brady, whose team won the inaugural electric boat racing championship this past November. Today, E1 has announced a new team ahead of season 2, and it’s another world-renowned professional athlete who knows how to win – LeBron James.

Lebron James team
The Team Alula Racebird / Source: E1

LeBron James to lead Team AlUla in E1’s second season

The E1 Series shared news of LeBron James joining as its latest team owner this morning, mere days before the nascent electric boat racing league kicks off its second season once again in Jeddah, Saudi Arabia. That venue is fitting, considering LeBron James will lead a new squad called Team AlUla.

“AlUla” comes from an ancient oasis city in Saudi Arabia by the same name that is home to Hegra, the Kingdom’s first UNESCO World Heritage site. James’ new team will be piloted by racers Rusty Wyatt and Catie Munnings. The sure-fire NBA hall of famer spoke about becoming the latest E1 racing team owner:

As a lifelong fan of sports and competition, the opportunity to own an E1 team that represents such a high level of innovation in sports is incredibly exciting, E1 is a new type of global competition that’s revolutionizing water racing and I’m proud to be at the forefront of its expansion in season two.

Per E1, James has support from Co-Team Principals John Marlow and Barny Whitwham, who have a combined 30 years of experience working in commercial and technical roles in FIA Formula 1 and World Rally Championship motorsport teams.

Keep an eye out for LeBron James and Team AlUla competing in the Racebird seen above during season two of the UIM E1 World Championship presented by PIF. Racing kicks off this Saturday, January 25, during the Jeddah GP. Here’s the 2025 E1 race calendar as it currently stands:

  • January 24-25: E1 Jeddah GP
  • February 21-22: Visit Qatar E1 Doha GP
  • TBA
  • July 18-19: E1 Monaco
  • August 22-23: E1 Lake Como GP
  • TBA
  • November 7-8: E1 Championship, Miami

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Formula E 600kW mid-race charging is finally ready, for real this time, we swear

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Formula E 600kW mid-race charging is finally ready, for real this time, we swear

After years of waiting and many false starts, Formula E is finally going to debut its mid-race charging system, which will give cars a quick boost of energy charging at a rate much faster than current road cars can.

For years now, we’ve been hearing about FIA plans to introduce charging stops to electric racing.

In gas car racing, some series allow mid-race fueling and some don’t. The World Endurance Championship, which runs the 24 Hours of Le Mans, obviously needs to fill up several times during the race. But Formula 1, which hosts shorter races, eliminated mid-race fueling in 2010.

Plans to bring mid-race charging to Formula E started in 2021, when the FIA started kicking around plans for an Electric GT racing series with 700kW charging.

But the FIA already had one electric racing series, Formula E, which had debuted in 2014. At the time, each driver had two cars, and would swap mid-race to a fresh car with new batteries.

Battery-swapping had been considered, but it would be too complicated to set up at temporary race facilities in city downtown areas, as many Formula E tracks are.

Then, in 2018, Formula E debuted a new “Gen 2” car which had a big enough battery not to need a charge mid-race, and later a “Gen 3” car in 2022, which had much stronger regenerative braking, capable of 600kW of braking power. Gen 3 also has an “Attack Mode” feature that lets cars unlock additional power for a short period each race, adding to strategy and mixing up the race order.

That 600kW charging ability could also be used for mid-race charging, so Formula E said that it was working on a system to allow for this. It announced that mid-race charging would come at some point in the 2023 season, but then pushed back those plans until 2024, and pushed them back again, this time with an uncertain date.

The issues involved building the charging system in temporary facilities and ensuring safety of the system (and of pit stops in general, which is always a concern when cars are driving rapidly near people). But after winter testing prior to this season, Formula E now says the system is ready to go.

So, once again, Formula E is ready to announce that mid-race charging is definitely, totally, positively, 100% certain at the upcoming Jeddah E-Prix, on February 14-15 in Jeddah, Saudi Arabia.

Formula E thinks that proving this high-power charging technology could help road cars to charge more quickly, which could have myriad benefits for electric cars in general.

The series is calling the system “Pit Boost,” and it will consist of a 34-second pit stop that provides around 10% additional charge to the cars (about 4kWh). While 10% isn’t a lot, 34 seconds is also not a lot of time. For comparison, one of the fastest-charging cars out there, the Ioniq 5, can charge from 10-80% in 18 minutes, which means 10% charge takes 2.5 minutes – five times as long as Formula E cars will manage the feat.

The stop will be mandatory for all drivers to take at some point in the race, and will mean new strategy options for drivers. Taking the stop means getting more energy, which means that your car won’t have to do as much energy saving to get to the end of the race – but it also means giving up your position on track, which can be hard to get back if you do it late in the race.

However, we’ve never seen it happen before, so it will be interesting to see what kind of strategic options develop.

If you’re interested in seeing how it turns out, tune in to the Jeddah E-Prix on February 14-15 to see what happens. It’s a doubleheader race weekend, with night races both on Saturday and Sunday, February 14-15, at 5pm UTC, 9am PST, 12pm EST, and 8pm local time. You can check out how to watch the race in your area by going to Formula E’s “Ways to Watch” section. In the US, Roku should be the most reliable way to watch.


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JackRabbit’s new solar charging kit keeps your e-bike topped up from the sun

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JackRabbit's new solar charging kit keeps your e-bike topped up from the sun

JackRabbit, the maker of pint-sized electric microbikes, is back with a new product designed to quickly recharge their batteries from pure, uncut photons mainlined into an e-bike directly from the sun. In true independent charging form, the Solar Charging Kit from JackRabbit keeps riders rolling even when there’s not a convenient AC outlet in sight.

Unveiled this week, the Solar Charging Kit consists of a single folding solar panel and a tiny voltage converter that is configured to output 42.0V, which is the exact voltage required by JackRabbit’s little e-bike batteries. There’s also an added USB-A and a USB-C charging port for powering other devices in addition to charging JackRabbit batteries.

“This Solar Charging Kit plugs directly into your bike,” explained the company, “letting you recharge without needing an outlet, but with a speed comparable to the charger that comes with the OG/OG2 (42V, 2A).”

That would mean the panel outputs around 80W of solar power, which the company says can recharge its batteries in just three hours. That fairly quick recharging speed is helped by the fact that JackRabbit’s batteries are a mere 151 Wh, or around a third of the size of most e-bike batteries.

If that sounds small, then you’re right – it is. But JackRabbit is all about going micro, offering barely 25 lb rideables that are easy to store and bring on adventures, even when they aren’t actually being ridden.

With small batteries that fit under the 160Wh limit for many airlines in the US, the batteries can be quickly charged and taken to the widest number of locations. And for riders that want to go further than a single 10-mile (16-km) battery will allow, extra batteries are small enough to fit a pants pocket. The company also offers much larger Rangebuster batteries, though they won’t pass by TSA and make it onto an airplane in your personal item.

It sounds like the Solar Chargking Kit should be able to charge up JackRabbit’s large RangeBuster batteries, though likely in more than three hours.

The $349 Solar Charging Kit is a bit pricier than building something similar yourself, but it’s also safer and more convenient than hacking together your own battery charger since it’s designed to work with JackRabbit’s batteries right out of the box.

Technically it’s only inteded for JackRabbit’s micro e-bikes (themselves technically seated scooters, even if they look and feel more like a typical bike), but it’d probably work for just about any 36V e-bike that requires 42.0V to charge.

This isn’t the first time we’ve seen solar charging kits for electric bikes, and it’s a trend that is certainly appreciated by outdoors and camping enthusiasts, festival goers, or anyone who finds themself and their bike spending extended periods in the great, sunny outdoors.

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