NO WAY OUT! Porsche Can’t Sell EVs Anymore! Porsche CEO Panics!
Porsche, a company with an impeccable reputation in the world of sports cars, has ventured deeply into electrification, introducing several electric models and setting ambitious targets. But just like other automakers, it’s struggling, especially after facing a wave of setbacks in recent months. These challenges have prompted fans and industry experts to question the company’s electric future. It appears to be more than just a temporary struggle; we’ve found five clear indicators that Porsche’s biggest EV disaster is just beginning.
Number 5: Second Battery Recall This Year, Fix Coming in 2025.
The famous German automaker is going through some pretty rough times as the electric revolution brings far more challenges than anticipated. Among these, probably the biggest problem involves battery issues, which have forced Porsche to issue another recall for its Taycan EV. The reason? A potential short circuit in the battery modules, which could lead to a fire risk. In other words, like other EVs, Porsches are also prone to sudden fires.
This recall affects all Taycan models produced between 2020 and 2024—nearly 288,000 cars—powered by LG-sourced batteries produced in Poland. While a solution may be on the way, it’s concerning that the fix won’t be available until next year. The permanent fix isn’t expected until the first quarter of 2025, meaning the ownership experience will be compromised in the meantime. To mitigate potential fire risks, Porsche will conduct remote checks on all Taycans, and if a problem is detected, charging capacity will be automatically reduced to 80% or, in some cases, even 50%, cutting the range in half.
Once the fix finally arrives in 2025, Porsche will replace every faulty battery at no cost to owners. The German manufacturer will begin notifying owners by mail in the coming weeks, ensuring that all affected vehicles are inspected and treated. However, it’s unclear how long customers will have to wait for full charging capability to return. This isn’t the first recall for the Taycan; a recall of the battery cooling system occurred in 2023, and previous years also brought recalls due to issues like power loss, wiring harnesses, and faulty suspension components.
Number 4: Taycan is the Least Reliable EV, According to Owners.
It’s been known for some time that electric cars tend to score lower in reliability. A survey by Consumer Reports showed that EVs experience 80% more problems than gas-powered cars. Now, UK magazine What Car? has released another survey to help identify the least reliable EV. The survey, which included over 21,700 owners, asked about issues their cars had faced in the past two years, including the nature of the issues, repair costs, and time spent in the workshop.
The result? The Porsche Taycan ranked as the least reliable EV. Owners reported frequent problems with this advanced, high-performance luxury EV—unusual for a brand known for reliability. The Taycan scored a reliability rating of 66.5%. To put this in perspective, the second least reliable model, the Hyundai Ioniq, scored 75.5%. The survey found that 46% of Taycans experienced issues within the first two years, with air conditioning and electronics being the most common. Additional complaints included infotainment, battery, brakes, motor, and interior trim, indicating a multitude of potential issues.
Another frustrating factor for owners was repair time, with two-thirds of affected vehicles out of service for over a week.
Number 3: Price Depreciation.
Here’s an ironic twist: Porsche, the company that produces the legendary 911—known for its incredibly low depreciation—also produces the Taycan, which tends to lose over $100,000 in value within four years. Earlier this year, a 2020 Porsche Taycan Turbo S with just 21,000 miles was listed for $159,900, despite an original price of nearly $270,000, translating to a depreciation of $101,000.
And this wasn’t an isolated case. A 2020 Taycan Turbo with just 15,000 miles was advertised for $89,999, though its original MSRP was $179,600—a drop of $89,300. Porsche’s Taycan depreciation has been significant since launch, and things look no different worldwide. In Europe, 2024 models with under 6,000 miles are listed between €89,000 and €130,000, even though new prices range from €100,000 to over €250,000.
Discussions in forums indicate rapid depreciation is a hot topic, with owners concerned about why this happens. While some point to market competition and recent price cuts, the fact remains that the Taycan depreciates faster than other EVs, with a sharp decline in value during the first two years of ownership.
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