"The all-electric Porsche 718 Boxster and Cayman may die before they ever get the chance to live, a new report from Bloomberg says. Porsche is in the midst of an ongoing cash crisis, as both the luxury brand and its parent automaker, the Volkswagen Group, have seen sales collapse in China. At the same time, Porsche in particular is seeing a slower-than-expected transition to EVs and struggling to develop competitive software, all while tariffs hammer its bottom line. The company urgently needs to cut costs."
"Porsche's entry-level coupe and convertible models, respectively, the 718 Cayman and 718 Boxster, were supposed to go all-electric for their next generation. The company announced in March 2022 that the purely electric sports cars would debut in 2025. This is an artist's rendering of what a 718 Cayman EV could look like. Porsche has not shared images or details on the model. Photo by: Motor1 This was supposed to be a huge deal for the sports car market."
Porsche may cancel the all-electric next-generation 718 Cayman and 718 Boxster as the company faces a cash crisis and shrinking sales in China. Slower-than-expected EV adoption, difficulty developing competitive software, and tariffs are straining profitability and forcing urgent cost cuts. Porsche has already revised plans for other models, keeping gasoline Macan alongside an electric version and offering a gas/hybrid Cayenne alongside an EV. The 718 models were slated to be purely electric for 2025, but weakening demand and financial pressure have put the electric-only strategy at risk. Porsche urgently needs to cut costs and may prioritize gas and hybrid variants to preserve volume and margins.
Read at insideevs.com
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