logo
Porsche discontinues two iconic models and replaces them both with EVs

Porsche discontinues two iconic models and replaces them both with EVs

The Irish Sun23-05-2025

PORSCHE has confirmed it will axe two of its most iconic sports cars—the petrol-powered 718 Boxster and 718 Cayman—by the end of this year, paving the way for fully electric replacements.
The announcement marks a significant shift in the brand's strategy as it leans further into electric mobility.
Advertisement
4
Whittlebury,Northants,UK -Aug 27th 2023: 2022 blue Porsche 718 Cayman car travelling on an English country road
Credit: Getty
4
Production of the mid-engine 718 twins will end in October 2025 at Porsche's facilities in Zuffenhausen and Osnabrück
Credit: Alamy
4
Replacing these fan favourites will be fully electric versions of both the Cayman and Boxster
Credit: AP:Associated Press
The news was first revealed in Germany by Porsche production boss Albrecht Reimold in Automobilwoche and later confirmed by the company to Car and Driver.
Production of the mid-engine 718 twins will end in October 2025 at Porsche's facilities in Zuffenhausen and Osnabrück.
The move follows the earlier discontinuation of the models in Europe due to new cybersecurity laws.
According to Porsche, the decision isn't about poor sales. In fact, 2024 saw a 15 percent increase in deliveries, with 23,670 units sold.
Advertisement
Read more on Motors
However, limited parts availability and the push for electrification have forced Porsche's hand.
'We are now focused on the next chapter,' said a spokesperson.
Special editions like the Cayman GT4 RS and Boxster RS Spyder will also bow out, despite previous exemptions from EU regulations.
Replacing these fan favourites will be fully electric versions of both the Cayman and Boxster.
Advertisement
Most read in Motors
Exclusive
While details remain scarce, Reimold assured enthusiasts that the electric successors will maintain the fun-to-drive character.
'I've driven it,' he said.
'The driving experience will still be 100 percent 718.' Porsche CEO Oliver Blume added during the brand's recent annual meeting that the new EVs will be 'even more dynamic, even more powerful.'
However, fans will have to wait a bit longer for the new generation.
Advertisement
The EV 718s won't launch until the 'medium term', with development still ongoing.
In the meantime, Porsche is urging customers to snap up the remaining petrol-powered models while they still can.
'This may well be your last chance,' warned Car and Driver, which was among the first to report the change for global markets.
The shift has been in motion since the start of 2024, when the 718 was pulled from European markets in response to stricter cybersecurity legislation.
Advertisement
The regulations effectively ended sales of the internal-combustion Boxster and Cayman, along with the petrol-powered Macan, across the EU.
The U.S. and other regions were granted a temporary reprieve, but that window will now close in October.
While the 718's days are numbered, Porsche's broader EV strategy is still in flux.
CEO Oliver Blume admitted during this week's shareholder meeting that the company's previous target—having electric cars make up 80 percent of sales by 2030—is now unlikely to be met.
Advertisement
Despite this, Porsche says the electric lineup 'will continue to grow as planned,' including a large three-row SUV still in development.
Interestingly, Porsche is also keeping its options open when it comes to future powertrains.
The company has hinted it may reintroduce combustion engines or
Last November, then-CFO Lutz Meschke said Porsche was 'looking at the possibility' of combining hybrid or petrol power with upcoming EVs—a sign the brand isn't closing the door on internal combustion just yet.
Advertisement
As Porsche moves into this new chapter, the retirement of the 718 range is more than just the end of two cars,it's the end of an era.
Since their debut, the Boxster and Cayman have become icons in their own right, offering affordable performance and precise handling.
Whether the electric versions can match that legacy remains to be seen.
The Sun has approached Porsche for comment.
Advertisement
4
Fans will have to wait a bit longer for the new generation
Credit: Alamy

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Coinbase becomes second major crypto firm to move regulatory hub out of Ireland in 2025
Coinbase becomes second major crypto firm to move regulatory hub out of Ireland in 2025

Irish Independent

time6 hours ago

  • Irish Independent

Coinbase becomes second major crypto firm to move regulatory hub out of Ireland in 2025

The company has obtained its Markets In Crypto Assets (Mica) licence, a foundational legal instrument for trading across the EU 27 countries, in Luxembourg. In 2023, Coinbase had said that Ireland was chosen from 27 EU countries to be its regulatory and operational hub for Europe, citing a 'stable political environment for technology innovation', 'respected regulators' and being 'a jurisdiction that is familiar and comfortable with both financial services and technology.' Since then, the Irish Central Bank has consistently denigrated crypto as a sector, with Governor Gabriel Makhlouf publicly branding virtual currencies as 'Ponzi schemes'. Coinbase CEO, Brian Armstrong, said in an interview with CNBC that the company has moved to Luxembourg for regulatory reasons. 'Luxembourg is leading the way with its pro-business climate and thoughtful approach to regulation,' he said. Earlier this year, another prominent crypto company also switched its regulatory hub away from Ireland, where it had initially established its European base. Gemini, the cryptocurrency exchange founded by the US billionaire Winklevoss twins, switched its headquarters from Ireland to Malta, citing a better environment for 'innovation among fintech and digital assets'. Senior figures in the Irish cryptocurrency and blockchain industry have expressed concern that a lack of Irish interest in cryptocurrency regulation is driving companies and jobs away. Earlier this year, the Central Bank tendered for consultants to advise it on crypto regulation, after the EU's main Mica rules had already come into force, prompting accusations of being a party-time regulator from prominent Irish crypto figures. In a move to reassure Irish staff of Coinbase's future here, the company's vice president and regional managing director, Daniel Seifert, said that it would soon hire more people for its Dublin office. ADVERTISEMENT "Regarding Ireland, we are happy to announce that Coinbase is doubling down on its commitment to the country and we are imminently adding around 50 jobs to our office,' he said. Coinbase is understood to employ over 100 people at present, having shed almost half of its staff during the tech industry's post-Covid layoffs. 'Our e-money licence through which we service customers across the EU is held in Ireland,' said Mr Seifert. 'I have relocated to Ireland, as CEO of the Irish entity, demonstrating our commitment to scaling international operations and deepening our presence in Europe, one of the most strategic and rapidly evolving crypto markets globally."

Court upholds Spanish government's order to block nearly 66,000 Airbnb listings
Court upholds Spanish government's order to block nearly 66,000 Airbnb listings

The Journal

time11 hours ago

  • The Journal

Court upholds Spanish government's order to block nearly 66,000 Airbnb listings

A COURT IN Madrid has upheld a decision by the Spanish government to block almost 66,000 Airbnb rental listings that it said violated local rules. Airbnb had appealed the decision by the country's government, which is taking action against short-term rental companies amid a housing affordability crisis. Spain's consumer rights ministry had 'urged' the US company's Irish-based subsidiary to remove 65,935 adverts which it said breached the advertising rules for this type of tourist accommodation. The breaches included failing to list licence numbers, listing the wrong licence number or not specifying who the apartment's owner was. In a statement to The Journal , a spokesperson for Airbnb said the decision by a Superior Court of Madrid 'is a procedural ruling and not a decision on the merits' of the ministry's order, adding that it will take 'longer to decide'. 'Airbnb is confident that the Ministry of Consumer Affairs' actions go against Spanish applicable regulations,' the spokesperson said. They cited a Spanish Supreme Court decision in 2022, which found that the host of a property is responsible for listing information, not the company, and said they always inform hosts that they must comply with all regulations when listing on their platform. The spokesperson said Airbnb has advocated for an EU-wide approach to short-term rental regulations, which will help make rules more consistent across the bloc. They also said that Spain has nearly 4 million vacant homes that make up over 14% of the country's total housing stock, 'almost 30 times more than accommodations exclusively dedicated to tourism'. Advertisement 'The root cause of the affordable housing crisis in Spain is a lack of supply to meet demand. The solution is to build more homes – anything else is a distraction. Spain has seen several large protests that have drawn tens of thousands of people to demand more government action on housing. Alamy Stock Photo Alamy Stock Photo Spain, the world's second most-visited country, hosted a record 94 million tourists in 2024, making the lucrative sector a driver of its buoyant economy. But a housing affordability problem in Spain that is particularly acute in cities such as Madrid and Barcelona has led to growing antagonism against short-term holiday rentals, of which Airbnb is perhaps the best-known and most visible actor. The Spanish government says the two are related: the rise of Airbnb and other short-term rental companies, and rising rents and housing costs. Regional governments in Spain are also tackling the issue. Last year, Barcelona announced a plan to close down all of the 10,000 apartments licensed in the city as short-term rentals by 2028 to safeguard the housing supply for full-time residents. According to the latest figures published by the National Statistics Institute, 368,295 properties were dedicated to tourist accommodation in November 2024. Spain has seen several large protests that have drawn tens of thousands of people to demand more government action on housing. It was one of a number of European countries that saw demonstrations calling for a curb on mass tourism last weekend. Thousands of demonstrators took to the streets in Spain, Italy and Portugal, with some carrying placards and others spraying tourists and hotels with water pistols. With reporting from Press Association Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal

Moneypoint ends coal generation early as ESB shifts focus to renewable energy hub
Moneypoint ends coal generation early as ESB shifts focus to renewable energy hub

Irish Examiner

time11 hours ago

  • Irish Examiner

Moneypoint ends coal generation early as ESB shifts focus to renewable energy hub

Coal generation has ended earlier than expected at Moneypoint Power Station in Co Clare. After 40 years, the ESB, which operates the station, announced it has transformed the site into a renewable energy hub as coal generation came to a close. Moneypoint began its transition away from fossil fuels in 2017 with the construction of a 17MW onshore wind farm. In 2021, ESB announced a multi-billion-euro plan to transform the site into one of the country's largest renewable energy hubs, utilising its deep-water port and existing infrastructure. Phase one of this plan was completed in 2022 with a €50 million investment in Ireland's first synchronous compensator — a zero-carbon technology that allows the system to handle increasing amounts of renewable electricity. CLIMATE & SUSTAINABILITY HUB In 2023, ESB and EirGrid signed an agreement to keep Moneypoint available (to generate electricity using oil) from 2025 to 2029. The station will only be required to operate when the electricity system is short on capacity, and only under instruction from EirGrid. Oil generation is less carbon-intensive than coal, and the station is expected to run significantly less often during these four years. On Friday, Minister of State at the department of agriculture, Timmy Dooley, visited the site alongside ESB Chief Executive Paddy Hayes. Speaking about the move, Mr Dooley said: "The early end of coal generation at Moneypoint represents a significant milestone for ESB and is another important step in Ireland's energy transformation. "It is the people of the Mid-West that have made this possible and I am delighted that the site will continue to play a critical role in securing Ireland's electricity supply for a number of years to come." Mr Hayes said: "Moneypoint, the teams working here, and the communities across West Clare have been at the heart of powering Ireland's electricity system for the best part of 40 years so far – and I would like to thank all those who have played a part in that." Ireland's 2030 target under the EU's Effort Sharing Regulation (ESR) is to reduce greenhouse gas emissions by at least 42% by the end of the decade. Climate Minister Darragh O'Brien said: "Today, the next step of the station's journey is beginning as the shift from coal to oil takes place. This is not just a significant move for ESB but also for the country as a whole as Ireland powers forward to deliver the clean energy transition underpinned by a secure electricity system.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store