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%.

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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.

Porsche Taycan prices surged, with all models ranging from $90,900 to $199,150 affected. More price hikes are expected in 2023, raising concerns on the Taycan's future demand

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.

ModelEPA est. range in 2022EPA est. range in 2023
Standart Taycan200208
Taycan w/ Performance Battery Plus225242
4S199206
4S w/ Performance Battery Plus227235
GTS246246
Turbo212238
Turbo S201222
4 Cross Turismo215235
4S Cross Turismo215230
GTS Sport Turismo233233
Turbo Cross Turismo204233
Turbo S Cross Turismo202222

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

2024 Porsche Taycan: What You Need to Know

The 2024 Porsche Taycan is a masterfully designed electric sports car that blends performance and luxury seamlessly. Its exterior design features sleek and dynamic proportions, with dimensions that emphasize both elegance and athleticism. Learn more
Year Body Trim Range Price
2024 Sedan Standard 208 $92,550
2024 Sedan 4S 206 $113,350
2024 Sedan GTS 246 $140,950
2024 Sedan Turbo 238 $162,450
2024 Sedan Turbo S 222 $196,550
2024 Sedan Turbo GT 555 $230,000
2024 Sedan Turbo GT with Weissach Package 555 $230,000

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