Next-Gen Porsche Batteries to Increase Range by 20%
The auto industry is going green. Consequently, the world’s largest players jostle for position to become leaders in the new electric vehicle landscape. A German juggernaut has, in recent weeks, made several moves to achieve this. As a result, a line of next-gen Porsche batteries for its fleet of electric vehicles comes as no surprise.
Ultimately, the batteries will increase the ampere-hours of cells from 37 to 47. Granted, this improvement seems minimal. Nevertheless, it’s a monumental leap. Currently, potential EV owners are scared off by range anxiety. Additionally, challenges with charging station access stifle plug-in car sales.
Porsche Aspires to Dominate Plug-In Industry
Nevertheless, Porsche’s place in the EV space is well-known. It’s announced 20,000 ‘shows of interest’ from customers about its new Taycan. Currently, it offers two years of free charging to all new Taycan owners at any Porsche dealership.
As a result, Porsche has decided to increase production of the popular vehicle. Additionally, it’s announced an all-electric model of the company’s most popular vehicle. That’s right, the Macan is going green.
Meanwhile, some customers have placed a $2,800 deposit on the Taycan. Much like Tesla, Porsche will struggle to meet demand for the first few years.
EV Adoption Relies on Lithium-Ion Advances
One primary factor holds back electric vehicle sales: technology. Consequently, Porsche (and most other automakers) have drawn a telling conclusion. Developments in lithium-ion battery technology spell dollars. Moreover, they spell environmental preservation.
Porsche bets that electric vehicles will soon dominate the auto industry. There are several reasons for this. Firstly, the international community has started to invest in Li-Ion battery production. Recently, Germany invested heavily in its own battery facility. Additionally, both Indonesia and India strive to become production hubs.
It appears the German automaker’s bet is a safe one.
Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news, Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).