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<!DOCTYPE html><html lang="en"><head><meta charSet="utf-8"/><meta name="viewport" content="width=device-width,initial-scale=1"/><meta name="robots" content="max-image-preview:large"/><title>Porsche, Lotus Retrench on BEVs</title><meta name="description" content="Porsche and Lotus Switching Efforts Away from BEVs and Back to ICE/Hybrid"/><meta property="og:title" content="Porsche, Lotus Retrench on BEVs"/><meta property="og:description" content="Porsche and Lotus Switching Efforts Away from BEVs and Back to ICE/Hybrid"/><meta property="og:url" content="https://www.wardsauto.com/vehicles/porsche-lotus-retrench-on-bevs"/><meta property="og:type" content="article"/><meta property="og:image" content="https://eu-images.contentstack.com/v3/assets/blt7121b6ec5c11097b/blt63020d1aaa641f69/6745c8d22293747e54587649/LotusEmiraV6ICE2024.jpg?disable=upscale&width=1200&height=630&fit=crop"/><meta property="oc:keywords" content="Vehicles, Porsche, Geely"/><link rel="canonical" href="https://www.wardsauto.com/vehicles/porsche-lotus-retrench-on-bevs"/><script type="application/ld+json">{"@context":"https://schema.org","@type":"Article","datePublished":"2024-11-26T14:38:29.000Z","dateModified":"2024-11-26T14:39:51.674Z","headline":"Porsche, Lotus Retrench on BEVs","mainEntityOfPage":"https://www.wardsauto.com/vehicles/porsche-lotus-retrench-on-bevs","image":{"@type":"ImageObject","url":"https://eu-images.contentstack.com/v3/assets/blt7121b6ec5c11097b/blt63020d1aaa641f69/6745c8d22293747e54587649/LotusEmiraV6ICE2024.jpg","caption":"More plug-in hybrids and ICEs likely from Lotus as BEV sales slow.","creditText":""},"author":[{"@type":"Person","name":"Paul Myles","image":"https://eu-images.contentstack.com/v3/assets/blt7121b6ec5c11097b/blt6448801cf332321d/664ccaa5e05591060f0728a4/PaulMyles.jpg","url":"https://www.wardsauto.com/author/paul-myles"}]}</script><script type="application/ld+json">{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://www.wardsauto.com"},{"@type":"ListItem","position":2,"name":"Vehicles","item":"https://www.wardsauto.com/vehicles"}]}</script><link rel="preload" href="https://eu-images.contentstack.com/v3/assets/blt7121b6ec5c11097b/blt63020d1aaa641f69/6745c8d22293747e54587649/LotusEmiraV6ICE2024.jpg?width=1280&auto=webp&quality=10&format=jpg&disable=upscale&blur=40" as="image"/><meta property="twitter:card" content="summary"/><script type="text/javascript">window.NREUM||(NREUM={});NREUM.init={distributed_tracing:{enabled:true},privacy:{cookies_enabled:true},ajax:{deny_list:["bam.eu01.nr-data.net"]}}; ;NREUM.loader_config={accountID:"3936348",trustKey:"3288925",agentID:"538600226",licenseKey:"NRJS-26ae6a3b09493bbcc87",applicationID:"538600226"}; ;NREUM.info={beacon:"bam.eu01.nr-data.net",errorBeacon:"bam.eu01.nr-data.net",licenseKey:"NRJS-26ae6a3b09493bbcc87",applicationID:"538600226",sa:1}; ;/*! 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data-src="https://eu-images.contentstack.com/v3/assets/blt7121b6ec5c11097b/blt0561d98f510b6100/6745f95cabddb868de2ee179/Volkswagen-ID.2all_Concept-2023-1280-aa5b4b093e6b003d9ed372c0702797225a.jpg?width=700&auto=webp&quality=80&disable=upscale" src="https://eu-images.contentstack.com/v3/assets/blt7121b6ec5c11097b/blt0561d98f510b6100/6745f95cabddb868de2ee179/Volkswagen-ID.2all_Concept-2023-1280-aa5b4b093e6b003d9ed372c0702797225a.jpg?width=700&auto=webp&quality=80&disable=upscale" loading="lazy" alt="" title=""/></div></a><a data-component="keyword" class="Keyword Keyword_variant_standard Keyword_title_volkswagen ContentPreview-Category" data-discover="true" href="/automakers/volkswagen-group/volkswagen">Volkswagen</a><div class="VerticalCard"><div class="VerticalCard-Body"><a class="VerticalCard-Title VerticalCard-Title_displayOption_default" data-testid="preview-default-title" data-discover="true" href="/volkswagen/volkswagen-charting-reset-on-bevs">Volkswagen Charting ‘Reset’ on BEVs</a><a class="VerticalCard-Title VerticalCard-Title_displayOption_mobile" data-testid="preview-mobile-title" data-discover="true" href="/volkswagen/volkswagen-charting-reset-on-bevs">Volkswagen Charting ‘Reset’ on BEVs</a><div class="Contributors Contributors_variant_slimline VerticalCard-ContributorsWrapper" data-component="contributors"><div class="Contributors-InfoWrapper"><span class="Contributors-ByText" data-testid="by-text">by</span><a class="Contributors-ContributorName" data-testid="contributor-name" data-discover="true" href="/author/david-kiley">David Kiley</a></div></div></div><div class="VerticalCard-Footer"><span class="VerticalCard-Date" data-testid="vertical-card-date">Nov 27, 2024</span><div data-module="card-time" class="CardTime"><div data-component="article-read-time" class="ArticleReadTime ArticleReadTime_size_small CardTime-ReadTime"><span>3 Min Read</span></div></div></div></div></div></div><div class="ContentPreview" data-module="content-preview" data-variant="card-vertical"><div class="ContentPreview-Wrapper ContentPreview-Wrapper_variant_cardVertical"><a data-testid="thumbnail" data-discover="true" href="/vehicles/porsche-lotus-retrench-on-bevs"><div class="ContentPreview-ImageContainer"><span data-testid="content-preview-screen-reader-text" class="ContentPreview-ImageScreenReaderText">Lotus Emira V6 ICE 2024</span><img data-testid="content-preview-image" data-component="image" class="ContentPreview-Image" data-src="https://eu-images.contentstack.com/v3/assets/blt7121b6ec5c11097b/blt63020d1aaa641f69/6745c8d22293747e54587649/LotusEmiraV6ICE2024.jpg?width=700&auto=webp&quality=80&disable=upscale" src="https://eu-images.contentstack.com/v3/assets/blt7121b6ec5c11097b/blt63020d1aaa641f69/6745c8d22293747e54587649/LotusEmiraV6ICE2024.jpg?width=700&auto=webp&quality=80&disable=upscale" loading="lazy" alt="" title=""/></div></a><a data-component="keyword" class="Keyword Keyword_variant_standard Keyword_title_vehicles 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data-testid="vertical-card-date">Nov 26, 2024</span><div data-module="card-time" class="CardTime"><div data-component="article-read-time" class="ArticleReadTime ArticleReadTime_size_small CardTime-ReadTime"><span>1 Min Read</span></div></div></div></div></div></div></div></div></div></div></div></div></div><div class="MainMenu-MenuItemWrapper"><div class="MainMenu-MenuItem" role="menuitem" tabindex="0" data-testid="openSubMenu" aria-label="Open Sub menu of Industry"><span class="MainMenu-MainTitle">Industry<span data-component="icon" data-name="ChevronDown" class="MainMenu-SubMenuIcon" style="mask-image:url(/build/_assets/ChevronDown-PF4EH6J6.svg);-webkit-mask-image:url(/build/_assets/ChevronDown-PF4EH6J6.svg);mask-repeat:no-repeat;-webkit-mask-repeat:no-repeat;-webkit-mask-position:center;-webkit-mask-size:contain"></span></span></div><div class="MainMenu-SubMenuWrapper"><div class="MainMenu-SubMenuContent"><div data-module="sub-menu" class="SubMenu MainMenu-SubMenu" role="presentation"><div class="SubMenu-Container"><div class="SubMenu-RelatedTopicsWrapper"><h4 class="SubMenu-RelatedTopics">Related Topics</h4><div class="SubMenu-CasualLinkWrapper" data-testid="related"><ul class="SubMenu-CasualLinkList"><li class="SubMenu-CasualLinkItem"><a class="SubMenu-ItemLink" data-testid="sub-menu-item-link" data-discover="true" href="/industry/financials">Financials</a></li><li class="SubMenu-CasualLinkItem"><a class="SubMenu-ItemLink" data-testid="sub-menu-item-link" data-discover="true" href="/industry/regulatory">Regulatory</a></li></ul><ul class="SubMenu-CasualLinkList"><li class="SubMenu-CasualLinkItem"><a class="SubMenu-ItemLink" data-testid="sub-menu-item-link" data-discover="true" href="/industry/suppliers">Suppliers</a></li><li class="SubMenu-CasualLinkItem"><a class="SubMenu-ItemLink" data-testid="sub-menu-item-link" data-discover="true" href="/industry/sustainability">Sustainability</a></li></ul></div></div><div 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data-discover="true" href="/industry/autoline-daily-2024-top-industry-news-for-nov-27"><div class="ContentPreview-ImageContainer"><span data-testid="content-preview-screen-reader-text" class="ContentPreview-ImageScreenReaderText">thumbnail</span><img data-testid="content-preview-image" data-component="image" class="ContentPreview-Image" data-src="https://eu-images.contentstack.com/v3/assets/blt7121b6ec5c11097b/blt1342204fc8e638f2/6747522cdc555e603b23dfea/daily112724.jpg?width=700&auto=webp&quality=80&disable=upscale" src="https://eu-images.contentstack.com/v3/assets/blt7121b6ec5c11097b/blt1342204fc8e638f2/6747522cdc555e603b23dfea/daily112724.jpg?width=700&auto=webp&quality=80&disable=upscale" loading="lazy" alt="" title=""/></div></a><a data-component="keyword" class="Keyword Keyword_variant_standard Keyword_title_industry ContentPreview-Category" data-discover="true" href="/industry">Industry</a><a class="ContentPreview-IconWrapper" title="Link to all video" data-testid="content-preview-icon-link" data-discover="true" href="/videos"><span data-component="icon" data-name="Play" class="ContentPreview-Icon" style="mask-image:url(/build/_assets/Play-CLWHZVKX.svg);-webkit-mask-image:url(/build/_assets/Play-CLWHZVKX.svg);mask-repeat:no-repeat;-webkit-mask-repeat:no-repeat;-webkit-mask-position:center;-webkit-mask-size:contain"></span></a><div class="VerticalCard"><div class="VerticalCard-Body"><a class="VerticalCard-Title VerticalCard-Title_displayOption_default" data-testid="preview-default-title" style="margin-bottom:0" data-discover="true" href="/industry/autoline-daily-2024-top-industry-news-for-nov-27">Autoline Daily 2024: Top Industry News for Nov. 27</a><a class="VerticalCard-Title VerticalCard-Title_displayOption_mobile" data-testid="preview-mobile-title" style="margin-bottom:0" data-discover="true" href="/industry/autoline-daily-2024-top-industry-news-for-nov-27">Autoline Daily 2024: Top Industry News for Nov. 27</a></div><div 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class="TwoColumnLayout"><div id="portal-root"></div><div class="TwoColumnLayout-Head"><div class="ArticleBase-Header"><ul class="ArticleBase-Topics" data-testid="article-topics"><li class="ArticleBase-Topic"><a data-component="keyword" class="Keyword Keyword_variant_category Keyword_title_vehicles" data-discover="true" href="/vehicles">Vehicles</a></li><li class="ArticleBase-Topic"><a data-component="keyword" class="Keyword Keyword_variant_category Keyword_title_porsche" data-discover="true" href="/automakers/volkswagen-group/porsche">Porsche</a></li><li class="ArticleBase-Topic"><a data-component="keyword" class="Keyword Keyword_variant_category Keyword_title_geely" data-discover="true" href="/automakers/geely">Geely</a></li></ul><div><h1 class="ArticleBase-HeaderTitle"><noscript><span class="ArticleBase-LargeTitle">Porsche, Lotus Retrench on BEVs</span></noscript><span class="ArticleBase-DefaultTitle" data-testid="article-default-title">Porsche, Lotus Retrench on BEVs</span></h1><p class="ArticleBase-HeaderSummary" data-testid="article-summary">Two iconic performance brands respond to consumer demand for more hybrid, plug-in hybrid and internal-combustion powertrain models.</p></div></div></div><div class="TwoColumnLayout-Content"><div class="TwoColumnLayout-Body"><div class="ArticleBase-Body" data-testid="article-base-body"><div class="ArticleBase-Contributors" data-testid="article-base-contributors"><div class="Contributors Contributors_variant_normal Contributors_hasAvatar" data-component="contributors"><div class="Contributors-AvatarWrapper"><a class="Contributors-AvatarLink" aria-label="Paul Myles" data-discover="true" href="/author/paul-myles"><img aria-hidden="true" data-testid="contributor-avatar" data-component="image" class="Contributors-Avatar" data-src="https://eu-images.contentstack.com/v3/assets/blt7121b6ec5c11097b/blt6448801cf332321d/664ccaa5e05591060f0728a4/PaulMyles.jpg?width=100&auto=webp&quality=80&disable=upscale" src="https://eu-images.contentstack.com/v3/assets/blt7121b6ec5c11097b/blt6448801cf332321d/664ccaa5e05591060f0728a4/PaulMyles.jpg?width=100&auto=webp&quality=80&disable=upscale" loading="lazy" alt="Picture of Paul Myles" title="Picture of Paul Myles"/></a></div><div class="Contributors-InfoWrapper"><a class="Contributors-ContributorName" data-testid="contributor-name" data-discover="true" href="/author/paul-myles">Paul Myles</a><span class="Contributors-ContributorTitle" data-testid="contributor-title">, European Editor</span><p class="Contributors-Date" data-testid="contributors-date">November 26, 2024</p></div></div><div data-component="article-read-time" class="ArticleReadTime ArticleReadTime_size_normal"><span data-component="icon" data-name="Clock" class="ArticleReadTime-Icon" style="mask-image:url(/build/_assets/Clock-MSX4SBCD.svg);-webkit-mask-image:url(/build/_assets/Clock-MSX4SBCD.svg);mask-repeat:no-repeat;-webkit-mask-repeat:no-repeat;-webkit-mask-position:center;-webkit-mask-size:contain"></span><span>1 Min Read</span></div></div><div class="ArticleBase-FeaturedImageWrapper" data-testid="featured-image"><div data-component="captioned-content" class="CaptionedContent"><div class="CaptionedContent-Content"><img data-component="image" class="ArticleBase-FeaturedImage" data-src="https://eu-images.contentstack.com/v3/assets/blt7121b6ec5c11097b/blt63020d1aaa641f69/6745c8d22293747e54587649/LotusEmiraV6ICE2024.jpg?width=1280&auto=webp&quality=95&format=jpg&disable=upscale" src="https://eu-images.contentstack.com/v3/assets/blt7121b6ec5c11097b/blt63020d1aaa641f69/6745c8d22293747e54587649/LotusEmiraV6ICE2024.jpg?width=1280&auto=webp&quality=95&format=jpg&disable=upscale" loading="eager" alt="Lotus Emira V6 ICE 2024" title="Lotus Emira V6 ICE 2024"/></div><div class="CaptionedContent-Caption" data-testid="captioned-content-caption">More plug-in hybrids and ICEs likely from Lotus as BEV sales slow.<span class="CaptionedContent-CreditTo"></span></div></div></div><div class="SocialShare"><div data-component="social-share" class="SocialShare SocialShare_variant_button ArticleBase-SocialShare ArticleBase-SocialShare_first"><a target="_blank" rel="noreferrer" aria-label="Linkedin" href="https://www.linkedin.com/sharing/share-offsite/?url=https://www.wardsauto.com/vehicles/porsche-lotus-retrench-on-bevs"><span class="SocialShare-IconWrapper SocialShare-IconWrapper_variant_button"><span data-component="icon" data-name="Linkedin" class="SocialShare-Icon SocialShare-Icon_variant_button SocialShare-Icon_type_linkedin" 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data-module="content" class="ContentModule-Wrapper"><p class="ContentParagraph ContentParagraph_align_left" data-testid="content-paragraph"><span class="ContentText ContentText_variant_bodyNormal" data-testid="content-text">Two iconic sports car brands, Porsche and Lotus, are backing away from battery-electric-vehicle pledges to invest more into powertrains with internal-combustion engines to follow consumer demand.</span></p><p class="ContentParagraph ContentParagraph_align_left" data-testid="content-paragraph"><span class="ContentText ContentText_variant_bodyNormal" data-testid="content-text">As the market’s appetite for BEVs continues to fail to meet projected consumer demand, the two automakers are switching development efforts to products that are seeing meaningful sales increases.</span></p><p class="ContentParagraph ContentParagraph_align_left" data-testid="content-paragraph"><span class="ContentText ContentText_variant_bodyNormal" data-testid="content-text">Porsche, which had promised to field a 2030 model range 80% dominated by BEVs now looks set to bring new hybrid and ICE models to market at least until the European Union’s proposed new-vehicle emissions targets from 2035.</span></p><p class="ContentParagraph ContentParagraph_align_left" data-testid="content-paragraph"><span class="ContentText ContentText_variant_bodyNormal" data-testid="content-text">The automaker has </span><span class="ContentText ContentText_variant_bodyNormal" data-testid="content-text"><a class="ContentText-BodyTextChunk ContentText-BodyTextChunk_link" target="_blank" href="https://www.wardsauto.com/porsche/porsche-electrifies-911-with-534-hp-t-hybrid-powertrain">already presented its new performance hybrid powertrain for the next 911 model</a></span><span class="ContentText ContentText_variant_bodyNormal" data-testid="content-text"> and this is likely to be rolled out to other models in its lineup.</span></p><p class="ContentParagraph ContentParagraph_align_left" data-testid="content-paragraph"><span class="ContentText ContentText_variant_bodyNormal" data-testid="content-text">It has also patented an innovative 6-stroke engine that claims better emissions efficiency and more power.</span></p><p class="ContentParagraph ContentParagraph_align_left" data-testid="content-paragraph"><span class="ContentText ContentText_variant_bodyNormal" data-testid="content-text">On top of this, Porsche invested about $100 million in e-fuel commercial production to keep the ICE alive, betting on the EU agreeing to their use in new vehicles after its 2035 deadline.</span></p><p class="ContentParagraph ContentParagraph_align_left" data-testid="content-paragraph"><span class="ContentText ContentText_variant_bodyNormal" data-testid="content-text">Geely-owned Lotus is making the same U-Turn on BEVs six years after outlining plans to go all-electric by 2028.</span></p><p class="ContentParagraph ContentParagraph_align_left" data-testid="content-paragraph"><span class="ContentText ContentText_variant_bodyNormal" data-testid="content-text">The boutique automaker is committing to producing a new range of plug-in “hyper” hybrid-powered vehicles as outlined in its quarterly financial results this week. At the same time Lotus also will be bringing more pure ICE models to market for the foreseeable future.</span></p><p class="ContentParagraph ContentParagraph_align_left" data-testid="content-paragraph"><span class="ContentText ContentText_variant_bodyNormal" data-testid="content-text">Its 900V hybrid system claims a combined range of more than 683 miles (1,099 km). Lotus Technology CEO Feng Qingfeng says during the earnings call: “We will be the first one globally to launch this 900-volt hyper hybrid EV technology.”</span></p></div></div><div class="SocialShare"><div data-component="social-share" class="SocialShare SocialShare_variant_button ArticleBase-SocialShare ArticleBase-SocialShare_second"><a target="_blank" rel="noreferrer" aria-label="Linkedin" href="https://www.linkedin.com/sharing/share-offsite/?url=https://www.wardsauto.com/vehicles/porsche-lotus-retrench-on-bevs"><span class="SocialShare-IconWrapper SocialShare-IconWrapper_variant_button"><span data-component="icon" data-name="Linkedin" class="SocialShare-Icon SocialShare-Icon_variant_button SocialShare-Icon_type_linkedin" style="mask-image:url(/build/_assets/Linkedin-VQUF3EEQ.svg);-webkit-mask-image:url(/build/_assets/Linkedin-VQUF3EEQ.svg);mask-repeat:no-repeat;-webkit-mask-repeat:no-repeat;-webkit-mask-position:center;-webkit-mask-size:contain"></span></span></a><a target="_blank" 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class="ContributorSummary ContributorSummary_variant_author"><div class="ContributorSummary-ImageWrapper ContributorSummary-ImageWrapper_variant_author"><a data-testid="contributor-summary-img-link" data-discover="true" href="/author/paul-myles"><img data-component="image" class="ContributorSummary-Image ContributorSummary-Image_variant_author" data-src="https://eu-images.contentstack.com/v3/assets/blt7121b6ec5c11097b/blt6448801cf332321d/664ccaa5e05591060f0728a4/PaulMyles.jpg?width=400&auto=webp&quality=80&disable=upscale" src="https://eu-images.contentstack.com/v3/assets/blt7121b6ec5c11097b/blt6448801cf332321d/664ccaa5e05591060f0728a4/PaulMyles.jpg?width=400&auto=webp&quality=80&disable=upscale" loading="lazy" alt="Paul Myles" title="Paul Myles"/></a></div><div class="ContributorSummary-InfoWrapper ContributorSummary-InfoWrapper_variant_author"><div class="ContributorSummary-TitleWrapper"><a data-testid="contributor-summary-title-link" data-discover="true" href="/author/paul-myles"><p class="ContributorSummary-Title ContributorSummary-Title_variant_author" data-testid="contributor-summary-title">Paul Myles</p></a></div><div class="ContributorSummary-SubTitleWrapper ContributorSummary-SubTitleWrapper_variant_author"><p class="ContributorSummary-SubTitle ContributorSummary-SubTitle_variant_author" data-testid="contributor-summary-subtitle">European Editor, Informa Group</p></div><div class="ContributorSummary-ContentWrapper ContributorSummary-ContentWrapper_variant_author"><div class="ContributorSummary-Content ContributorSummary-Content_variant_author" data-testid="contributor-summary-content"><p class="ContentParagraph ContentParagraph_align_left" data-testid="content-paragraph"><span class="ContentText ContentText_variant_bodyNoneStyle" data-testid="content-text">Paul Myles is an award-winning journalist based in Europe covering all aspects of the automotive industry. 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