Bad news (or good news, depending on who you are): Porsche might have to kill its electric 718 Cayman and Boxster projects. The automaker has a new CEO who took over on January 1, 2026, and he’s reportedly considering suspending development of the two sports cars.
According to Bloomberg, "people familiar with the matter" told the publication that the electric 718’s rising costs and mounting development delays are hamstringing the project. Porsche ended previous-generation 718 production in October, with plans to roll out the EVs later this year.
Murmurings of potential development issues arose in December 2024, when a report quoted an engineer who said the automaker was "well behind schedule" with the vehicle. Another report surfaced last May alleging Porsche had to pause development due to Northvolt’s bankruptcy.
Then, in September, the automaker confirmed that the next-generation 718 would continue to offer internal combustion engine power. These would sit at the top of the model lineup, supposedly above the electric versions that might not happen now.
We reached out to Porsche, but the automaker refused to comment on the story.
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