Porsche plans to offer an all-electric performance car by the end of the decade. The four-door car, which looks like a futuristic version of today's Porsche Panamera, will be able to go 310 miles on a single charge, Porsche has boasted.
The Mission E was originally unveiled at the Frankfurt Motor Show as a concept car, but the board of Volkswagen Group, Porsche's parent company, has now approved development of the car for factory production. When the car was unveiled in September, a Porsche spokesperson only said that "production of the car would be feasible within the near future."
The car is part of a bigger push by Volkswagen Group into electric vehicles and plug-in hybrids. In all, the group plans to introduce 20 such vehicles by 2020, company executives have said.
Porsche has said that the Mission E will be able to go from zero to 60 miles an hour in under 3.5 seconds. That figure has already been beaten by some versions of the Telsa Model S, though, which can leap from zero to 60 in under three seconds. The Porsche will also be able to charge wirelessly by parking over a coil embedded in a garage floor.
The car will charge quickly, too, according to Porsche, reaching 80% of a full charge in only 15 minutes, enough to drive 250 miles. Porsche executives have said that more battery development is needed, however. Porsche has not announced anything about the price of the Mission E.