Porsche executives have confirmed that the upcoming Taycan will be placed below the brand’s Panamera sedan when it hits the showrooms next year.

The car is expected to carry a price tag of close to $92,500, slightly above the Cayenne. “We’re expecting a price somewhere between a Cayenne and a Panamera,” said Robert Meier, the complete vehicle model line director for the Taycan.

Reports suggest that the new Taycan, including taxes, would cost around 74,828 euros to 90,655 euros for the base variant in Germany. However, talking to reporters, Porsche’s Chief Financial Officer Lutz Meschke stated the company will be placing the top model at a massive 200,000 euros.

So far, we know that the car will be featuring two synchronous electric motors provided by Italy’s Magneti Marelli. Output figures of the EV are expected to be at a staggering 600bhp with the capability of touching triple digit speeds in less than 3.5 seconds.

The curtain raiser model for upcoming EV models in the company’s lineup aims to be the fastest series production electric car around Germany’s Nordschleife racetrack with a lap time of fewer than 8 minutes.

“Asynchronous e-motors are clearly more affordable, but they have one very important disadvantage: You can only overload the motor once when you want high dynamic acceleration before it quickly reaches its limits the second or third time,” Meier said. “That’s fine for most electric cars but not for a high-performance Porsche.