Porsche kills gas-powered 718, confirms EV-only Boxster and Cayman

Porsche confirmed at its Capital Markets Day that the new 718 Boxster and 718 Cayman will be electric-only, ending earlier plans for gas versions of top trims. The two-door EVs debut next year, with the first full year of production in 2028.

• New 718 Boxster and Cayman will be offered exclusively with electric powertrains
• The EVs debut in 2026, with full production starting in 2028
• Porsche will cut management positions by 40% and total workforce by 25%
• Porsche's profit fell to $101 million last year from $5.9 billion in 2024