Porsche wants e-fuels to be on equal footing with fossil fuels

Barbara Frenkel, the carmaker's manager in charge of procurement, said she expects politicians to either tax emissions from high-carbon fuels or give e-fuels a bonus for carbon dioxide (CO2) avoidance.

Speaking at an event for business journalists in Stuttgart on Wednesday, she said she would prefer incentives for e-fuels rather than higher taxes on fossil fuels.

E-fuels are synthetic fuels made from hydrogen and other gases using electricity.

Porsche opened a factory for e-fuel production in Chile in December last year. In a pilot phase, 130,000 litres of fuel is to be produced there, rising to 550 million annually by 2027.

The sports car manufacturer has repeatedly proposed e-fuels as a complement to electric mobility.

Porsche wants to offer 80% of its cars as pure electric vehicles by 2030.

Frankel insisted that the company's e-fuels plans are not a loophole to be able to offer the Porsche 911 as a combustion engine beyond the 2035 target set by the European Union.

She pointed out that there would be a large stock of cars on the road until well beyond the 2040s that would need to be fuelled.