DETROIT – As the all-electric Porsche Taycan sedan outsellsGerman automaker Porsche is expanding its sales of electric vehicles. A hybrid 911 is also planned.

Porsche announced Friday that it plans to have 80% of its worldwide sales be electric vehicles by 2030. This compares to the previous plans whereby 80% of global sales would come from a mixture of electric and plug-in-in hybrid vehicles.

“The future for Porsche is electric,” Oliver Blume (Porsche CEO) stated to media at a roundtable.

Blume refused to forecast the demise of non-all electric vehicles. He cited a “flexible engines strategy”, which could include hybrids or internal combustion engines.

Porsche’s original and first car, the Taycan. only all-electric car so far.This represented approximately 14% of the company’s 301 915 vehicles that were sold by 2021. Taycan sales surpassed the 38,464 911 units, which was a record.

It is expected that the Macan SUV will be released in 2023 and the 718 sportscar by 2025. Blume confirmed that a hybrid 911 sports car will be released, though he didn’t give a date.

Porsche reported that almost 40% of all Porsches sold in Europe were either plug-in hybrids or electric vehicles (PHEVs). Porsche currently has two PHEVs available, which many view as a temporary, transitional technology prior to fully-electric vehicles.

Porsche is unique in that it does not plan to abandon traditional internal combustion engine vehicles. Particularly for the 911 sport car which is regarded as one of the most “driver-friendly” cars in the world.

Porsche has announced that it will invest approximately $24 million in “e-fuels,” which are climate neutral fuels to replace gasoline in electric vehicles.

Blume described E-fuels “an ideal complement to” EVs.

Porsche announced the new EV plans in conjunction with last month’s preliminary agreement to become a public company.

Porsche achieved new operating profits and sales revenues records. The 2021 sales totaled 33.1 billion euros (or $36.7 billion), which is an increase of approximately 4.4 billion ($4.9 billion) over the 2020 figures. Last year, Porsche’s operating profit grew by 27% to 5.9 billion euro ($5.9billion) over 2020.