About a year ago, the public learned that the infamous automaker Porsche was working on a new electric SUV. Expanding the lineup with a few all-electric models is the standard now, as nearly every brand is working to do so. Now, more information is available about the upcoming model, which appears to be larger, and much more expensive than the popular Cayenne. A rumor indicates that the new Porsche electric SUV will cost three times more than a Cayenne before adding any options.

Rumor: New Porsche electric SUV price

According to Motor1, the CEO of Porsche, Oliver Blume, reported in mid-2022 that the lineup of SUVs would expand beyond the Macan and Cayenne. For the first time, an all-electric model would enter the Porsche lineup, with production set to begin in Leipzig, Germany. Additionally, the company announced the new model would target the high-end of the segment, earning bigger profit margins in the process. Although minimal details are available about the new SUV, most expect it to launch sometime in 2027.

The automaker lists the Cayenne SUV’s starting price at around $72,200. Although it’s far from affordable, the Cayenne is much more accessible to the average consumer than many more costly options. Obviously, we aren’t talking about the range-topping Cayenne Turbo GT, which starts at $188,700. However, rumors suggest the starting price for the new EV will be closer to the most costly Cayenne. M1’s rumor suggests the electric Porsche SUV will begin around $216,600, three times more than the base model Cayenne’s starting price.

What do we know about the Porsche EV?

Before adding options, the new Porsche electric SUV might be three times as expensive as the Cayenne. Additionally, the new model uses a codename, “K1,” and has been developing since 2020. Next, the model will use the same Premium Platform Electric architecture the automaker is developing alongside Audi. The new platform will be found for its premiere with the next-gen Macan EV and the Audi Q6 E-Tron. However, the publication says the new model will use “an evolution” of the new EV platform, meaning a few things could be better and improved from these models.

The latest three-row SUV to enter the luxury market will use a 920V electrical system with quicker charging. Next, it’ll also bear a large battery pack with more than 100 kWh of capacity. Moreover, those who choose the highest trim in the lineup will get a more expansive battery pack, offering a maximum range of 435 miles without charging. Additionally, M1 reports oil cooling for the electric motors will be present, as will all-wheel steering.

Porsche‘s new electric SUV will represent a “part sedan, part crossover” design but will appear larger than its current offerings. At roughly 197 inches long, the new model will have “a gently curved roof, a steeply raked windscreen, a short hood, and a liftback-style tailgate,” M1 says. The K1 is also rumored to get off-road capability, including a dedicated driving mode and a jacked-up air suspension. By its release in 2027, the new Porsche K1 model will be the fifth EV in the lineup. The Taycan, Macan, Boxster, Cayman, and Cayenne will come in purely electric form by 2026.

Three times more than a Porsche Cayenne

In conclusion, a rumor indicates that the new all-electric Porsche, using the codename K1, will cost three times more than a Cayenne SUV. At that price, it will be out of reach for nearly every average consumer searching for their next luxury EV. The expensive model is set to be well-equipped, with ample driving range, a few powerful electric motors, and much more. Sharing a platform with the Macan EV and Audi Q6 E-Tron means some will get familiar with the setup ahead of 2027. Until then, we’ll have to wait for more details on the expensive new all-electric Porsche SUV.