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Porsche announces Taycan insurance to make US owners’ transition to EVs easier
Porsche appears set on making its customer’s transition to electric vehicles as painless as possible, with the German carmaker recently announcing that it will be offering an insurance service for the Taycan. With its own insurance program in place, Porsche Taycan buyers would avoid encountering inconveniences such as surprisingly steep premiums simply because they are driving an all-electric car.
While electric vehicles are generally cheaper to maintain, and despite the cars themselves having fewer wearable components as their gas-powered counterparts, some insurance providers have proven to be quite inexperienced when it comes to insuring EVs. Back in 2017, for example, the AAA raised the rates of Tesla Model S and Model X by 30% despite the premium sedan and the SUV’s excellent safety ratings.
The German automaker’s insurance program for the Taycan will be administered in partnership with Mile Auto and Porsche Financial Services. What is particularly compelling about the service is that it does not involve the collection of data such as the vehicle’s location, or when and how the car is driven. Instead, the program will simply require owners to submit a photo of their Taycan’s odometer at regular intervals. A Porsche Financial Services spokesperson has confirmed this in a statement to Green Car Reports. “No other information is collected from the vehicle or customer,” the spokesperson said.
Interestingly, the German automaker added that while the timing of its insurance program is perfect for the release of the Taycan this coming September, the development of the program had actually been completed independent of the electric vehicle’s launch. The carmaker added that while the insurance service would cover the Taycan, the program will also extend to every Porsche model going back to 1981.
For now, Porsche owners would need to be in Oregon and Illinois to take advantage of the Taycan’s insurance program, though the carmaker has stated that it is looking to roll out the service to a third state by the end of 2019. A rollout to other US areas is currently under evaluation.
Elon Musk has mentioned that Tesla will be releasing its own, compelling insurance program for its vehicles. The CEO gave a one-month timeline for the service’s release during the first-quarter earnings call, though Musk later noted during the annual shareholder meeting that Tesla Insurance is coming soon after a “small acquisition” is completed, and after software is written for the service.
The Porsche Taycan is expected to be released this coming September. The German automaker has kept details of the vehicle’s production version secret, though reports have emerged stating that the base Taycan will be Rear Wheel Drive only, and it will be equipped with an 80 kWh battery pack and a choice of 240-kW (322-hp) and 280-kW (375-hp) motors. On the other hand, the vehicle’s mid-range variant, the Taycan 4S, will reportedly be equipped with a 96 kW battery pack and 320-kW (429-hp) or 360-kW (483-hp) electric motors. The top-tier version, the Taycan Turbo, will feature a 96 kWh battery, a 160-kW (215-hp)/221-lb-ft motor up front, and a 300-kW (402-hp)/405-lb-ft motor at the rear.
Tesla Cybercab is set to launch in Austin, Texas, on September 3, as the company has officially started sending out invitations to a dedicated event it will hold in the city where its headquarters is located.
The Cybercab is Tesla’s dedicated ride-sharing vehicle: it features just two seats and has no steering wheel or pedals. It is aimed at fully autonomous passenger transport, and will operate in the Robotaxi fleet alongside the Tesla Model Y, which has been performing driverless rides for real-world passengers for more than a year.
Thank you so much @Tesla for inviting us to the Cybercab launch in Austin! 🤠 pic.twitter.com/F1rAR8zd5O
— TESLARATI (@Teslarati) August 22, 2026
The launch of the Cybercab marks the next chapter in Tesla’s autonomy story. The company has been developing autonomous transport for years with its Full Self-Driving (Supervised) platform, which is available in any vehicle the company has built with the proper hardware and software capabilities.
Its capabilities vary by hardware and software version, but Tesla says its latest hardware version, known as AI4, can deliver full autonomy. However, future vehicles will operate with even more robust hardware packages, as Tesla will develop AI4.5 and AI5 for even more capability in its vehicles.
Following a report from The Information that surfaced earlier this week, the writing was on the wall that Tesla was set to launch Cybercab in the near term. The report stated Tesla could launch Cybercab as soon as the end of August. Tesla came close and has booked it for September 3.
The big thing with this event being scheduled is not necessarily that Tesla is launching a new vehicle, but instead that it is launching a vehicle that has no steering wheel or pedals and will operate exclusively on a self-driving program that is evidently nearing full autonomy. If the event allows vehicles to take passengers on public roads and drop them off wherever they please within the City of Austin, it will be a drastic advancement in the company’s self-driving story.
People have ridden in Cybercab previously: Tesla had the “We, Robot” event in October 2024, which allowed people to experience fully autonomous rides in a closed circuit at Warner Bros. Studios in Burbank.
🚨 Ride in a Tesla Cybercab with us
— TESLARATI (@Teslarati) May 11, 2025
Additionally, Tesla launched employee rides in Cybercab in July.
It’s a drastic step forward for Tesla, whose CEO, Elon Musk, has promised for years that the company would release a fully autonomous vehicle and platform capable of allowing drivers to relinquish any responsibility behind the wheel.
Elon Musk put a number on where he thinks SpaceX’s Starship program is headed by 2030, replying on X a day after President Trump signed a memo pushing the country toward 1,000 space launches and reentries a year.
The exchange started when Aaron Burnett, co-founder of propulsion startup Mach 33, posted that “1,000 launches/reentries is the goal,” quoting White House science adviser Michael Kratsios on the newly signed National Space Transportation Policy. Burnett noted that the FAA’s own bull-case forecast reached only 385 annual launches by 2030, while his firm’s conservative model already put SpaceX alone near 940. Musk responded, “We’re aiming to reach 30+ Starship launches/day in 2030, which is ~10k annualized. Still tiny numbers compared to airplane flights!”
We’re aiming to reach 30+ Starship launches/day in 2030, which is ~10k annualized.
Still tiny numbers compared to airplane flights!
— Elon Musk (@elonmusk) August 21, 2026
That figure is specific to Starship, the rocket SpaceX is still developing for orbital and lunar missions, not the Falcon 9 fleet that carries most of the company’s current launch volume. Starship has flown twice this year, a slower pace than the four and five flights SpaceX managed in 2024 and 2025. Getting from two flights a year to 30 a day is the scale of jump the new federal policy is meant to clear regulatory room for.
Trump’s memo, signed Thursday, directs agencies to identify new launch and reentry sites on federal land, including a new reentry site within 90 days, and to speed up the permitting and environmental reviews that have long slowed cadence growth. It also sets a goal of returning American astronauts to the moon by 2028 and placing initial lunar base elements by 2030, tying the launch buildout directly to NASA’s Artemis program.
SpaceX has already been pushing the FAA toward higher numbers on its own. The agency approved up to 44 annual Starship launches from Kennedy Space Center in February, on top of a 2024 review that raised the cap at Starbase in Texas to 25 a year. Those approvals cover a fraction of the 10,000 annual flights Musk is now describing, which shows how far current permitting still sits from the administration’s stated target.
The near-term test of all this is more modest. SpaceX cleared a full-duration, six-engine static fire on its next Starship vehicle this week, the last major hardware checkpoint before Flight 14, which is targeting no earlier than August 28 and is expected to attempt the vehicle’s first full orbital mission. Musk said last week that a tower catch of the upper stage is still probably months away, a reminder that the immediate roadmap remains far more incremental than the daily launch numbers he just posted.
Tesla will resolve its massive recall of nearly three million vehicles in China with stickers and a software update.
On Friday, Chinese regulators filed recall plans against Tesla, Xiaomi, Leapmotor, Xpeng, Chery, Geely, Dongfeng, Arcfox, and FAW to resolve what is essentially a carbon-copy issue throughout each of the companies’ vehicle models: emergency door release latches are simply not visible enough.
Tesla door handle saga gets its latest chapter and a big change is coming
The companies will be required to add things that will make these latches, which will open the door in the event of an emergency, more visible. Of the 7 million vehicles impacted, Tesla accounts for 2,975,910 units. More than 1.9 million of those are Model Y vehicles, with the rest, just over 970,000, being Model 3s.
To resolve the issue, Tesla is going to add warning labels to the emergency latches free of charge, and then utilize an Over-the-Air update to add a post-crash window-lowering strategy, according to CNEVpost.
This massive effort to fix the all-electric Model Y and Model 3’s emergency latch system comes just months after several probes across various markets identified the trouble some had identifying this latch. Those who had gotten involved in car accidents that stripped the vehicle of its power were not aware that every Tesla has emergency door latches.
China’s State Administration for Market Regulation (SAMR) said that severe crashes that disable a vehicle’s low-voltage system could not only hinder occupants from getting out, but also make it more difficult for emergency response workers to gain entry.
SAMR is starting to tighten the regulations it has on door handles on vehicles. A new mandatory national standard will take effect for all models starting January 1, 2027, and will require all doors to be equipped with mechanical release mechanisms. This will effectively end purely electronic door handles. Models already on sale with type approval have been granted a two-year transition period, which will enable things to change until January 2029.
Tesla Cybercab launch gets official date in Austin with dedicated event
SpaceX and a new Trump order that could rewrite the next decade of launches
