---
title: "Porsche CEO: Our First All-Electric Vehicle Will Be Released a Year Ahead of Schedule"
description: "According to CEO Oliver Blume, Porsche's all-electric luxury car, the Mission E, is in its final development stages and will be ready for release in 2019."
date: "2017-09-18"
modified: "2017-09-18"
authors:
  - name: "Dom Galeon"
    link: "https://futurism.com/authors/domgaleon"
url: "https://futurism.com/porsche-ceo-our-first-all-electric-vehicle-will-be-released-a-year-ahead-of-schedule"
categories:
  - "Advanced Transport"
  - "Electric Vehicles"
tags:
  - "electric vehicle"
  - "Mission E"
  - "porsche"
  - "tesla"
---

# Porsche CEO: Our First All-Electric Vehicle Will Be Released a Year Ahead of Schedule

![porsche mission e electric vehicle luxury ev](<https://futurism.com/wp-content/uploads/2017/09/Porsche-Mission-E-2.jpg>)
*\<em\>Image: \<a href="https://newsroom.porsche.com/en/products/iaa-2015-porsche-mission-e-mobility-all-electrically-concept-car-11391.html" target="\_blank"\>Porsche\</a\>\</em\>*

Originally expected to roll out in 2020, [Porsche's](<https://www.porsche.com/usa/>) [Mission E](<https://www.porsche.com/microsite/mission-e/international.aspx>) will arrive a year sooner, according to the company's CEO Oliver Blume.

Branded as the luxury carmaker's first fully electric vehicle, the Mission E has been established as [a potential rival to Tesla's flagship luxury EV](<https://futurism.com/this-is-the-stunning-electric-car-porsche-is-creating-to-oust-tesla>), the Model S. However, with an expected price tag of $80,000, the Mission E is a tad bit more expensive than the Model S, which has a base price of only $62,000. The $80,000 cost positions the Mission E between Porsche's Panamera and the 911.

https://www.youtube.com/watch?v=HdYg2EPMKiI

The Mission E is a 1.3 meters (4.26 feet) tall, four-door sports car with an all-electric powertrain. [Its initial concept](<https://futurism.com/the-first-fully-electric-porsche-will-usher-in-a-new-era-in-transport>) included a 600-hp motor with a four-wheel drive capable of accelerating from 0 to 96 kph (60 mph) in just under 3.5 seconds and reaching top speeds of more than 249 kph (155 mph).

First unveiled at the 2015 [Frankfurt Motor Show](<https://www.iaa.de/en/>), the luxury EV is now in the final stages of production and development. According to an interview Blume [granted to *Car Magazine*](<http://www.carmagazine.co.uk/car-news/motor-shows-events/frankfurt/2015/porsche-mission-e-the-pure-electric-sports-car-shocks-frankfurt/>) at this year's event, it's being readied for a 2019 shipment schedule, and Porsche would soon be testing the vehicle publicly. "We are in series engineering phase," said the CEO.

### Author social links  
[LinkedIn](<https://www.linkedin.com/in/dominic-john-galeon-9b086925/>)  
[Twitter](<https://x.com/domgaleon>)