Porsche 911 to be sole survivor of automaker's combustion models
and then the best-selling Cayenne, Porsche e-fuels team leader Karl Dums said. The 911, accounting for 13% of sales in 2022, is the exception.
Automotive and business experts said e-fuels will be used only in niche, high-end models. Major automakers will likely avoid new e-fuel models after 2035, having already committed $1.2 trillion to electrification. Like Porsche, Ferrari pushed for an EU e-fuels exemption — which has yet to be finalized — but still says 80% of its models will be electric orA host of smaller carmakers also want to sell luxury, high-performance e-fuel models to customers rich enough to afford the expensive fuel, which today can cost up to 10 pounds per liter.
Owned by European private equity firm Investindustrial, Morgan made around 600 cars last year and is expanding into the U.S. market, said CEO Massimo Fumarola.
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