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Porsche hits the brakes on EV plans, flagship SUV to launch with gas power

ArenaEV
Porsche is scaling back its plans for all-electric models in a dramatic strategy U-turn. The German automaker claims the slowing global demand for EVs and a challenging economic climate are forcing its hand. The biggest change is the upcoming flagship SUV, which will now launch with gasoline and hybrid engines. Thanks to slower-than-expected sales growth for electric cars, rising import… Read more…

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