13.6 C
London
May 20, 2024
CNBC videos

Why Porsche Is Investing $100 Million On Synthetic Fuel

Worldwide Porsche owners like to point to the fact that according to some estimates more than 70% of the luxury cars ever made are still on the road. What’s more, the cars beloved by collectors are known to have the highest resale value. In order to protect that heritage with electric car production on the rise, the German automaker announced last April that it was investing $100 million in eFuels, a class of synthethic energy that is carbon neutral. Opponents remain skeptical, though, saying the move is extremely expensive and largely inefficient. However, Porsche and HIF Global, the company behind the eFuels push, believe they can reach large-scale production within the next few years and prove the skeptics wrong.

Chapters:
00:00 — Introduction
00:45 — What is eFuel?
04:48 — Why Porsche?
11:02 — Criticism

Producer: Robert Ferris
Editor: Jacob Harrell
Senior Managing Producer: Tala Hadavi
Graphics: Jason Reginato, Christina Locopo

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

#CNBC

Why Porsche Is Investing $100 Million On Synthetic Fuel

Related posts

How Maersk Is Navigating The Volatile Shipping Industry

TheCompanies

Why The World Is Rushing Back To The Moon

TheCompanies

New CFPB rule caps banks’ credit card late fees at $8

TheCompanies
Barclays1_logo_300
stripe1_300
paypal_300
wise_300

2022 © TheCompanies *All rights reserved

Pin It on Pinterest

Share This