While Porsche’s R&D boss Wolfgang Hatz confirmed that there may be a smaller version of the Panamera in the works, he flatly denied the firm’s interest in creating an all-electric car.

Previous rumors suggested they were developing a Tesla Model S rival based on the sub-Panamera model, but it seems that’s not so.

Hatz explained that they “are a sports car firm, and that brings with it certain expectations. A Tesla is a fine car, but you cannot drive it enthusiastically without losing range or performance too quickly. Until the technology offers a solution to those problems, we will not be looking at launching such a car.”

He did confirm that Porsche will continue to do hybrids and plug-ins, but that at the moment that’s what they are concentrating on.

Autocar reminds us that Porsche has been testing fully-electric Boxster prototypes (pictured) since 2011, but that it’s a program with the German authorities rather than one of the brand’s own.

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