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Blog - Latest News

Porsche Macan Going 100% Electric

March 6, 2019/in In the News/by Gray Leigh

Completely Electric Porsche Macan Announced

The world’s largest automakers continue to double-down on electric fleets. Consequently, one of the largest German manufacturers has followed suit. This week, it was announced that one of the world’s most popular vehicles is going electric. No surprise here: there will soon be a plug-in version of the ever-popular Porsche Macan.

READ: Electric Porsche Taycan Wildly Popular

The Porsche Macan is the firm’s most popular model. Evidently, there exists a massive appetite for an eco-friendly version. Nearly one-third of all Porsches delivered last year were Macans.

Meanwhile, the automaker’s already committed $6.8 billion to electric vehicle development over the next three years. It targets 50% EVs by 2025.

porsche macan

Porsche Goes All-In on EVs

Similarly, it’s all-electric Taycan model represents a shift in the company’s thinking. In fact, Porsche has offered two years of free charging to Taycan owners. The move helps alleviate concerns over two lingering problems facing consumers.

Firstly, charging station access across North America isn’t great. Granted, charging network infrastructure sees no shortage of funding. The fact is, operating an EV in many cities isn’t yet practical.

Secondly, range anxiety keeps potential consumers awake at night. Currently, several newer models can travel over 400km on a single charge. However, the middle-class primarily has access to EVs that can travel half that distance.

The Changing Automotive Landscape

porsche macanNevertheless, these problems are on their last legs. Porsche isn’t the only automaker going electric. Honda, Harley-Davidson and even Dyson(?) are on board.

Additionally, national governments support the transportation industry’s electrification. The German government invests millions in lithium-ion battery plants. Similarly, India and Indonesia position themselves to become EV battery production hubs.

Meanwhile, the Trump Administration has followed suit. To the surprise of many, it admits the growing value of metals involved in EV batteries. In late 2017, Trump passed an executive order labeling lithium a resource central to national economic health.

It seems Porsche is betting on the right horsepower.

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EU Emissions Policy Benefits Electric Vehicles & Lithium Batteries

Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news, Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

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LATEST NEWS

  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am
  • Ultra Lithium Intersects 2.68 Percent Lithium Oxide at The Forgan Lake Lithium Property in Northern Ontario, CanadaFebruary 8, 2023 - 5:00 am
  • Ultra Lithium Responds to Government of Canada Critical Minerals AnnouncementNovember 4, 2022 - 4:30 am

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Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

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