Exciting Changes for the 2023 Porsche Taycan: Increased Price and Extended EPA Range
The 2023 Porsche Taycan has experienced significant price increases across all trim levels, which includes changes to the initial price, destination charge, and the elimination of the $7,500 federal tax credit. As a result, the overall cost of the car is higher compared to the previous model year. For instance, the entry-level Taycan with a 79.2 kWh battery now carries a price tag of $92,550, including the destination charge. In contrast, the same model was available for $76,550 last year when factoring in the tax credit. This accounts for a notable difference of $16,000 or 20.9%.
All variants of the Porsche Taycan, with prices ranging from $90,900 to $199,150, have experienced similar increases in their effective costs. Looking ahead, Porsche plans to implement further price hikes for its models in the middle of 2023, which could lead to additional increases in the current pricing. The key question is whether the Porsche Taycan will continue to enjoy popularity among customers at these elevated price points.
While sales have witnessed a decline this year, it is primarily attributed to the limited supply rather than a lack of demand. It is anticipated that production will ramp up in the near future, potentially addressing the supply constraints. Despite the price increases, the Porsche Taycan still holds appeal for electric vehicle enthusiasts who appreciate its luxurious features, advanced technology, and sporty performance.
In terms of range, the 2023 Porsche Taycan family boasts a combined range of 206 to 246 miles, as per the EPA's estimates. This improvement in range can be attributed to software updates implemented by the manufacturer, resulting in a gain of several percentage points over the previous year. Furthermore, even owners of older Taycan models can benefit from these updates, as they have the potential to enhance the range of their vehicles.
| Model | EPA est. range in 2022 | EPA est. range in 2023 |
|---|---|---|
| Standart Taycan | 200 | 208 |
| Taycan w/ Performance Battery Plus | 225 | 242 |
| 4S | 199 | 206 |
| 4S w/ Performance Battery Plus | 227 | 235 |
| GTS | 246 | 246 |
| Turbo | 212 | 238 |
| Turbo S | 201 | 222 |
| 4 Cross Turismo | 215 | 235 |
| 4S Cross Turismo | 215 | 230 |
| GTS Sport Turismo | 233 | 233 |
| Turbo Cross Turismo | 204 | 233 |
| Turbo S Cross Turismo | 202 | 222 |
Overall, while the price increases for the Porsche Taycan may present challenges, the continued demand for the model and its improved range demonstrate that it still holds a strong position in the luxury electric vehicle market. Customers looking for a high-performance and stylish electric vehicle are likely to find the Taycan's features and capabilities enticing, despite the higher price tag.
Source: Porsche
