In an unprecedented decision, the board of directors at Porsche approved the development of a production version of the Porsche Mission E concept. Unveiled at the 2015 Frankfurt Motor Show, the Mission E is a pure electric sports car which is now set for market launch by the end of the decade.

And when they say Porsche Mission E is going to be based on the concept, they are not messing around. According to the top brass, the production version will have the same four-door, four-seat layout as the concept and also the same 600 hp (440 kW) electric powertrain.

Performance-wise, the Mission E is of great things, at least on paper. Zero to 100 km/h in this car takes 3.5 seconds and you get a range of over 500 km. The best part is, thanks to a 800-volt charger unit specially developed for the car, the batteries can be charged to 80 percent of their capacity in just 15 minutes. If true, this technology will virtually eliminate the biggest flaws of the EV motoring which is long charging time.

As the first 100% electrically powered production model the company will launch, Porsche Mission E is going to gobble up a billion-euro investment. But it also creates a 1,000 new jobs in Stuttgart-Zuffenhausen plants.

Dr. Wolfgang Porsche, Chairman of the Supervisory Board of Porsche AG: “With Mission E, we are making a clear statement about the future of the brand. Even in a greatly changing motoring world, Porsche will maintain its front-row position with this fascining sports car.”