Porsche says it plans to invest more than $7 billion (six billion euro) in electrified vehicles over the next four years. As part of this, the automaker will be devoting some $600 million toward the development of is coming Mission E electric sports car and other electrified variants. About $1.25 billion will be dedicated to hybrid and electric powertrains for existing Porsche models

“We are doubling our expenditure on electromobility from around three billion euro to more than six billion euro”, said Oliver Blume, Chairman of the Executive Board of Porsche AG. “Alongside development of our models with combustion engines, we are setting an important course for the future with this decision.”

Porsche’s stunning battery electric Mission E sports car will boast an output of 600 horsepower and deliver quick 0-60 mph sprints in less than 3.5 seconds. Driving range is claimed to be over 300 miles between charges. It will be fast-charge capable.

In addition to its investment in electrification, Porsche will invest some $250 million on manufacturing sites and facilities plus an additional $850 million on smart mobility, charging infrastructure, and new technologies.

Except for green e-hybrid badges on the front doors, green brake calipers, and green ‘Panamera 4’ at the rear, Porsche’s new-generation Panamera 4 E-Hybrid looks just like its non-hybrid V-6 sibling. But there’s a lot going on behind the scenes that justifies this plug-in hybrid model’s additional $10,000 cost. For beginners, the Panamera 4 E-Hybrid combines a 330 horsepower twin-turbocharged, 2.9 liter V-6 and a 136 horsepower electric motor to produce a total of 462 horsepower and 516 pound-feet of torque, providing some pretty stellar performance.

The Panamera 4 E-Hybrid is offered in a base model along with Sport Turismo and Executive variants. The Sport Turismo is the closest Porsche is likely to ever come to building a station wagon, with this model stretching the roofline with new sheetmetal aft of the B-pillar, plus a more upright rear window and larger hatch. This greatly improves rear headroom while also delivering marginally more cargo space. The Sport Turismo seats five with four place seating optional. Even more spacious is the Executive model, which adds 5.9 inches to the wheelbase and provides additional rear legroom. Along with other amenities, the executive model has a large rear center console with 10.1-inch screens that can double as tablets.

Internal combustion output is delivered to all four wheels via a ZF eight-speed dual-clutch automatic transmission. The electric motor is positioned between the V-6 engine and transmission. Electrical energy is stored in a 14.1 kilowatt-hour battery pack located under the trunk floor. This is sufficient for an all-electric range of 31 miles and a maximum speed of 87 mph, with the speed limitation intentional to maximize battery driving range. The battery pack can be charged in 12 hours using the car’s 3.6-kilowatt, 120 volt onboard charger or in just three hours with an optional 7.2-kilowatt, 240 volt charger. The E-Hybrid automatically starts driving in pure EV mode. When the battery is depleted the powertrain switches to hybrid mode, delivering varying combinations of combustion and electric power for maximum fuel efficiency.

A standard Sport Chrono package offers default E-Power and Hybrid Auto modes, plus Sport and Sport+ modes that sharpen throttle response and shifting, stiffen dampers, and open the optional sport exhaust. The car’s E-Hold mode conserves the battery’s state of charge so the Panamera can run in pure EV mode at a later time. In E-Charge mode the V-6 engine generates more power than needed to recharge the battery while driving. Driver assistance systems like Night Vision, Lane Change, and Lane Keep are options. Also available is InnoDrive adaptive cruise control that reads upcoming corners, changing gradients, and traffic conditions.

With its very limited edition 918 Spyder and more mainstream Panamera S E-Hybrid – not to mention the coming electric Mission E – Porsche has shown that it takes electrification seriously. The premium automaker’s next step in its electrification strategy is represented by the 2016 Cayenne S E-Hybrid, a move that has brought plug-in hybrid power to its popular SUV model.

The Cayenne S E-Hybrid uses essentially the same components as its Panamera sibling to achieve plug-in capability. There have been some changes, like upgrading this S E-Hybrid model’s lithium-ion battery pack from 9.4 to 10.8 kilowatt-hours. This battery replaces the spare tire found in conventionally powered Cayenne models and allows the Cayenne S E-Hybrid to travel about 14 miles on battery power. Electric-only driving is possible at speeds up to 78 mph before the engine starts and the vehicle operates likes a regular hybrid. E-Power is the default mode so the Cayenne S E-Hybrid always starts on electric power, given sufficient battery charge.

An E-Charge mode modifies charging strategy so the electric motor becomes a generator, enabling the battery to recharge up to 80 percent while driving. This provides adequate battery power for electric-only driving once desired destinations are reached, such as urban areas where zero-emission driving may be preferred. Unlike most regenerative braking systems that are either on or off, the Cayenne S E-Hybrid’s regen system provides some modulation in the brake pedal while slowing down.

The Cayenne plug-in uses a supercharged 3.0-liter V-6 mated to an eight-speed Tiptronic automatic transmission, same as the Panamera. A single 95 horsepower permanent-magnet motor located between the engine and transmission provides hybrid capability. Power is delivered to all four wheels via a limited-slip center differential. The supercharged V-6 and electric motor deliver a combined 416 horsepower.

As expected from a Porsche, the Cayenne S E-Hybrid provides excellent performance, especially considering it is a 5,000-plus pound SUV that can carry 5 people and tow up to 7,716 pounds. It can accelerate from 0 to 60 mph in 5.6 seconds, 0 to 100 mph in 14.4 seconds, and has a top speed of 151 mph. Efficiency is a combined 22 mpg in hybrid mode and 47 miles-per-gallon equivalent (MPGe) during electric driving

All this goodness does not come cheap at a base MSRP of $78,700, but that is in line with what one would expect to shell out for a Porsche. The combination of performance, prestige, and greater efficiency combine to make this an attractive offering for Porsche fans.