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Tesla will soon face serious EV competition from Porsche

#Porsche has its eyes on Tesla’s lunch and with the Mission E and Cross Turismo EVs being brought to market in 2019, they are meeting the charging issue head on. The huge advantage that Tesla buyers have is that they have access to a widespread and largely free to use charging network. No other EV brand has this and Porsche recognises this as a massive comfort to EV buyers.

So Porsche is rolling out 500 ultra-fast chargers across the US, many of them at dealer sites which will create an ongoing customer relationship long after the initial purchase. These are the same DC chargers which Porsche has been testing at its HQ in Stuttgart and delivers an 80% charge in only 20 mins. This makes Tesla’s Superchargers look almost pedestrian.

With this charging network in place, Tesla buyers will finally have a real alternative to the Tesla S. Expect more entrants to this high end EV market as these new Porsches take market share.

You can read the Cleantechnica report here.