Rush for Porsche's First Electric Car

About 30,000 people have prebooked Porsche’s first electric car, according to a highly placed official at the high-end automaker.

The initial response for the first car from Porsche has been very encouraging for the car maker as those who have booked, have paid 2500 Euros each towards the Porsche Tayan, said CEO Oliver Blume adding the company has locked more than 10,000 of those buyers into concrete orders for the car. “This number is well above our expectations,” Blume said recently.

Porsche plans to start shipping the Taycan to US dealers this month and deliver 20,000 of them next year.  The company is facing pressure to compete with electric automaker Tesla as its CEO Elon Musk moves to build a factory in Germany. The forthcoming Berlin-area plant will produce 500,000 vehicles a year, sources have said.

The Taycan requires a much heftier down payment than the refundable $100 pre-order charge for Tesla’s Cybertruck. Musk boasted last month that the company had received 250,000 early orders for the electric pickup