Like many other major car manufacturers, Porsche is also jumping on the all-electric bandwagon. The company showcased its first four-door all-electric sports car concept at the 2015 Frankfurt motor show. The concept car was called the Porsche Mission E. The company has now confirmed some details about the price and specifications of its first electric sports car.

The company’s Chairman Oliver Blume confirmed to CAR magazine that the Porsche Mission E all-electric four-door sports car is going to be available for purchase by the end of 2019. He added that the car will be priced “like entry-level Panamera” which is north of $80,000.

Blume said that this all-electric car has been designed to plug the gap between the Panamera and the 911. He reiterated that the Mission E will be fully electric and won’t have a combustion engine. Customers will have the option to choose from different output motors.

Badges that follow conventional Porsche hierarchy like S and GTS, as well as different body styles, haven’t been ruled out. It has been confirmed that the Porsche Mission E project is on schedule and that prototypes will be heading out of the factory for public tests in the near future.

As far as the performance is concerned, Porsche says that the Mission E will be able to go from 0-62 MPH in “less than 3.5 seconds.” The top speed is said to be more than 155 MPH. The car will be equipped with a new rapid-charge system that should provide 80 percent charge in less than quarter of an hour.

Commenting on the design, Blume said that the “design is fixed,” and that the final production version of the Mission E will be quite similar to the concept that was revealed at Frankfurt two years ago.

Filed in Transportation. Read more about and . Source: carmagazine