Porsche CFO said the company's electric car margins in the next two years to reach the same level of fuel vehicles

According to foreign media reports, automakers are investing heavily in electric vehicles, in the continuous launch of new models, BMW, Volkswagen, Ford and other major fuel car manufacturers, are vigorously laying out electric vehicles, luxury car manufacturers Porsche, also in the development of electric vehicles, some of their models have electric versions.

Porsche CFO Lutz Meschke's public statements show that the profitability of their electric cars is increasing, and that they will have higher margins and more room for growth than fuel cars.

At Porsche's Capital Markets Day event, Lutz Meschke said that their electric car margins will reach the same level as fuel cars in the next two years and will continue to increase thereafter.

In addition to higher margins, Porsche also believes that there will be more room to increase the price of electric cars because consumers are willing to pay more for new technology and the current electric car market is still in a phase where demand exceeds supply.

Porsche has made great progress in electric vehicles, with foreign media reporting that 40% of the new cars they will sell in Europe in 2021 will be pure electric or plug-in hybrids.

Porsche has even bigger goals for the future, with company executives expecting electric cars to account for 80 percent of their sales by 2030, and they expect electric cars to account for half of all luxury cars sold by 2031.

On the electric car front, Porsche CEO Oliver Blume said their goal is to selectively expand into higher margin segments and take advantage of pricing opportunities for electric cars.