Porsche is ditching diesel for good.
The automaker introduced Sunday that it will concentrate on hybrid and electrical know-how and can not make diesel-powered autos.
The announcement comes 5 months after a senior supervisor at Porsche in Germany was arrested in reference to an investigation into diesel emissions rigging by Porsche’s mother or father firm, Volkswagen.
Simply 12% of Porsche’s international gross sales got here from diesel vehicles in 2017. The corporate hasn’t had a diesel automotive in its portfolio since February and hasn’t provided a diesel mannequin in the USA since November of 2015, a Porsche spokesperson advised CNN.
Porsche mentioned in a press launch that demand for electrical and hybrid autos has soared, however the marketplace for diesel is shrinking.
“As a consequence of this alteration in situations, the corporate has determined to not supply diesel propulsion in future,” the corporate mentioned.
Oliver Blume, chief govt of Porsche AG, mentioned in a press release that Porsche “will not be demonizing diesel.”
“It’s, and can stay, an necessary propulsion know-how. We as a sports activities automotive producer, nevertheless, for whom diesel has at all times performed a secondary function, have come to the conclusion that we want our future to be diesel-free,” he mentioned.
Diesel has by no means been a serious a part of Porsche’s portfolio. The automaker provided diesel variations of a few of its four-door fashions, however the firm has caught to gasoline for its sports activities vehicles.
In its press launch, Porsche touted the introduction of the Taycan, the model’s first all-electric mannequin that may compete with Tesla within the luxurious EV market. The Taycan will debut in 2019.
“By 2025, each second new Porsche car may have an electrical drive — both hybrid or purely electrical,” the corporate mentioned.
Volkswagen turned the middle of an explosive scandal about two years in the past for rigging diesel vehicles to cheat environmental regulation assessments. It led to the ouster of its CEO and a string of authorized battles in the USA and overseas.
—Peter Valdes-Dapena contributed to this report.
CNNMoney (New York) First revealed September 23, 2018: 6:16 PM ET