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Porsche is making news by announcing plans to double its investment in electric cars. The increased investment will take the automaker’s commitment to just over $8 billion by 2022.

The first fully-electric car by Porsche is the Mission E. In addition to supporting the Mission E, it is being reported that the increased investment will be used to expand the company’s roster of hybrid and electric vehicles, including possible a hybrid 911. It is also being reported that smart mobility is in the companies future, in addition to investment in rapid charging infrastructure among other things.

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