Porsche is reportedly doubling the planned production capacity for the Taycan, its first all-electric vehicle, to a massive 40,000 units per year, according to a German report.

Previously, Porsche was reportedly planning to produce about 20,000 Taycan vehicles per year.

It doesn’t sound like much, but it was an important volume for a vehicle program at the German premium automaker.

We previously reported on Porsche considering to increase the planned capacity of Taycan production, but they have now apparently made the decision to double it.

German magazine Automobilwoche (German and paywall) reports that they have now approved the expansion of the production capacity to 40,000 units per year.

It’s hard to overstate how significant it is for Porsche.

The program would be larger than the Panamera, Porsche’s flagship sedan and likely the closest competitor to their new all-electric vehicle.

At 40,000 units per year, it would become one of the company’s largest vehicle programs behind its SUVs like the Cayenne and Macan.

Porsche was apparently encouraged by early reservations for the Taycan, which they opened in a few markets.

In Norway alone, the automaker says that they received close to 3,000 reservations with deposits. Normally, Porsche sells only about 600 vehicles per year in the market.

Porsche plans to bring the vehicle to production around the end of the year and the production version of the vehicle should be unveiled in Frankfurt in September.

Earlier this year, the automaker said that it “enters the electric era with the new Taycan” and shared some details about its progress toward production.

The vehicle is expected to have a range of over 250 miles, but the most impressive feature is arguably the 800-volt system, which is double the voltage of most EVs and should allow a charge rate of up to 350 kW, theoretically able to charge the car to 80% in 15 minutes.

Electrek’s Take

If the report turns out to be true, it would be awesome and show that Porsche is truly serious about its electric effort.

We’re talking about a vehicle program that would almost be competitive with Tesla Model S volumes.

I think it’s going to have to be competitive in terms of pricing in order to sell those kinds of volumes.

We know that Porsche wants to sell the Taycan at different trim levels, but even the base one is expected to start at around $80,000-$90,000.

Interestingly, that’s also the starting price of the Model S now that Tesla discontinued the 75 kWh battery pack.

We are going to wait until we have all the details, but it might sound like the Model S might finally have a real all-electric competitor – though Tesla is likely to also update the vehicle by the time the Taycan hits the market.

What do you think? Let us know in the comment section below.

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