Porsche targets carbon-neutral balance sheet by 2030

It has stated more than €1bn will be invested into decarbonisation over the next 10 years

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German car manufacturer Porsche aims to have a carbon-neutral balance sheet through its entire chain by 2030.

As of this year, its major sites in Zuffenhausen, Weissach and Leipzig have been made carbon-neutral, with the company budgeting more than €1 billion (£863m) to invest in decarbonisation over the next 10 years.

It has also premiered the new Taycan Cross Turismo this month, which it claims will be the first vehicle that will be carbon-neutral throughout the use phase once it hits the roads.

In 2020, one-third of all Porsche vehicles delivered in Europe were either fully or partially electric and worldwide it was 17%. The company has stated that in 2025, half of all its new vehicles sold will have an electric motor, with 80% having one by 2030.

Oliver Blume, Chairman of the Executive Board of Porsche AG, commented: “More than 20,000 units were delivered of the Taycan, the first all-electric Porsche sports car.

“This makes it the most successful electric sports car in its class. More than 50 international awards attest to this. Among other things, the Taycan was named the ‘world’s most innovative car’.

“Porsche stands for a robust core business, sustainable action, social responsibility and innovative technology.”

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