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Porsche, in shift toward hybrids, EVs, drops diesels

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A Porsche Panamera 4S diesel at the Paris auto show in Sept. 2016. Photo credit: REUTERS

Porsche AG will stop offering diesel versions of its cars and light trucks, marking the latest blow for the technology that has come under intense scrutiny by regulators and environmental groups.

Porsche will focus on gasoline, electric and hybrid vehicles because demand for diesel is declining, the company said Sunday.

For the sports car manufacturer diesel “has traditionally played a subordinated role,” the statement said. “Porsche doesn’t condemn diesel. It is and remains an important powertrain technology.”

Porsche, which is investing more than 6 billion euros ($7.1 billion) in electric mobility by 2022, said diesel’s share of the brand’s worldwide light vehicle sales was 12 percent in 2017.

“We as a sports car manufacturer, however, for whom diesel has always played a secondary role, have come to the conclusion that we would like our future to be diesel-free,” Porsche CEO Oliver Blume said in the statement.

Porsche’s existing diesel customers would continue to be served, Blume said.

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