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Porsche extends Formula E commitment to 2026
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +1 min
LONDON, July 24 (Reuters) - Porsche has extended its commitment to the all-electric Formula E world championship by two years until the end of 2026, the German car manufacturer and series organisers said on Monday. Porsche entered Formula E in 2019 and the current season nine is their most successful so far with four wins from 14 races. "We remain convinced that our presence and successes in Formula E will lay the foundation for future mobility solutions," said Porsche executive board member Michael Steiner in a statement. "We look forward to playing an active role in shaping the successful future of Formula E and thereby giving electric mobility even more impetus on a global scale." Porsche last year discussed joining forces in Formula One with reigning champions Red Bull but those talks came to nothing, with the British-based team eventually doing a deal with Ford.
Persons: Britain's Jake Dennis, Michael Steiner, Red, Alan Baldwin, Ken Ferris Organizations: Porsche, Formula E, Avalanche Andretti, E, Formula One, Red Bull, Ford, Thomson Locations: London, Formula, British
Porsche and several partners have started production of a climate neutral "e-fuel" aimed at replacing gasoline in vehicles with traditional internal combustion engines. The German automaker, owned by Volkswagen , said Tuesday that a pilot plant in Chile started commercial production of the alternative fuel. By mid-decade, Porsche is planning to produce millions of gallons of the e-fuel. Plans are to expand that to about 55 million liters (14.5 million U.S. gallons) by mid-decade, and around 550 million liters (145.3 million U.S. gallons) roughly two years later. Porsche officials celebrated the beginning of the e-fuel production with the filling of a Porsche 911 with the first synthetic fuel produced at the site.
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