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Porsche investing $24 million in ‘e-fuels’ for traditional sports cars

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A Porsche 911 Speedster is presented at the Paris Motor Show on October 4, 2018 in Paris.

Christophe Archambault | AFP | Getty Images

German automaker Porsche is investing about $24 million in the development of “e-fuels,” which officials say is a climate-neutral fuel to replace gasoline in nonelectric vehicles.

Production of such a fuel would allow the company and potentially other automakers a way to continue producing vehicles such as Porsche’s iconic 911 sports car with a traditional engine alongside, or rather than, a new electric model. While electric vehicles can offer outstanding performance, the driving dynamics of the vehicles are different than traditional engines.

“We would like…



Source cnbc.com

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