Porsche to Phase Out Taycan by 2030 Amid Weak EV Demand

Porsche is reportedly preparing to phase out production of its flagship Taycan electric sports car by 2030, marking a major setback for the German automaker’s once-aggressive electrification strategy. Germany’s WirtschaftsWoche reported Thursday that Porsche management and its works council have agreed in principle to end Taycan production by 2030, citing company sources. Porsche did not confirm the report, instead referring to comments from CEO Michael Leiters in July that there were no immediate plans to discontinue the model. The…