Porsche picks Taycan as name for brand's first electric vehicle

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Porsche's first all-electric vehicle has been known so far as the Mission E, but the company made the announcement today that the production version of the vehicle will be called the "Taycan". Pronounced "tie-kahn", Porsche says the name roughly translates as "lively young horse", as in the one on Porsche's crest, a crest that's remained unchanged since 1952.

The first signal from Porsche that it was to build a fully electric auto came in 2015, when it showed off the Mission E concept at the Frankfurt Motor Show. The new sedan promises to race from 0-100km/h in under 3.5 seconds, and hit 200km/h within 12 seconds. The Porsche Taycan will also offer a consistent level of power that is unprecedented among electric vehicles: multiple launches in a row will be possible without a loss in performance, and the vehicle's maximum range will be over 300 miles as measured in accordance with the New European Driving Cycle (NEDC).

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In contrast, Tesla's most potent Model S can do 0-60 miles per hour in 2.4 seconds. That's an huge improvement over current electric vehicles and this should help to make the model more appealing to consumers.

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Previewed in our exclusive images, the Taycan will bear a close resemblance to the concept in shape and style, but the rear-hinged back doors and matrix LED headlamps will be adapted for production. Porsche has said that when the Taycan goes on sale, it'll recharge from empty to 80 percent in 20 minutes, which the company has already called "Turbo Charging". The company says the vehicle can hit 60 mph in "well under" 3.5 seconds and 124 mph miles per in less than 12 seconds.

Stay tuned for more updates on the Porsche Taycan. It's also expanding an existing engine plant to build electric drivelines.

Porsche will double spending on electrification of vehicles to more than 6 billion euros ($7.4 billion) by 2022 from $3.7 billion. The Model S can do its Ludicrous Mode party trick a few times before needing to cool down, but Porsche has said its Taycan will be able to maintain its performance both in sprints and for track days without issue.

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