The transition to electric cars is taking longer than we thought...

The transition to electric cars is taking longer than we thought five years ago," Porsche said in a statement.

"Our product strategy is set up such that we could deliver over 80% of our vehicles as all electric in 2030 - dependent on customer demand and the development of electromobility."

Executives at carmakers from Mercedes-Benz to Renault have warned in recent months that goals they set in recent years for fully electric sales in the next decade were too ambitious as customers remained reticent to make the switch away from gas-powered cars.

POP !!!!!!!!!!!! LKE in current form only worth depleting cash position ..imo DYOR