Porsche is working on a new electric flagship SUV that will be more luxurious than the Porsche Cayenne

All-electric SUVs are undoubtedly one of the the most sought-after vehicles in the rapidly growing EV market. While aspiring newcomers like the Swedish company Polestar are diligently working on their very own competitors to the successful Porsche Cayenne, the reputable German automaker has now also announced that it is working on a brand-new electric SUV itself.

However, this statement does not refer to the upcoming electric model variant of the smaller Porsche Macan, whose prototype was recently caught on a test drive in Austria yet again. According to a report by InsideEVs, Porsche CEO Oliver Blume instead confirmed that the company is working on a new top-of-the-line electric SUV model that will soon expand its current vehicle lineup by occupying the high-end luxury segment above the aforementioned Porsche Cayenne.

Unfortunately, Porsche has not disclosed any further information on its new electric SUV at this time, so the eventual release date and technical specifications are still up in the air. However, Blume asserted that the vehicle will be produced at Porsche’s factory in Leipzig, Germany, which is where the Panamera as well as the Porsche Macan are currently assembled. With its new electric SUV, the carmaker plans to take advantage of the comparatively high profit margins in the upper luxury segment. Since the hybrid version of the Porsche Cayenne already has an MSRP of at least US$86,500, it can be assumed that Porsche's new electric SUV will likely have a sticker price in the six-figure range.

Order the Pulsar Plus Level 2 40 Amp Electric Vehicle Smart Charger on Amazon