Porsche's first electric auto will be called the Taycan

Porsche 911 Mission E Rendering

Porsche's first electric auto will be called the Taycan

The name was confirmed today, at the official opening of the "70 Years Porsche Sportscar" special exhibition at the Porsche Museum in the Zuffenhausen district of Stuttgart, Germany.

The Taycan "must be a Porsche first", Stefan Weckbach, vice president of Porsche's battery electric vehicle program, told The New York Times recently.

The name, which is derived from Turkish, according to Porsche, and translates as "lively young horse", is a reference to the prancing steed at the center of Porsche's shield-shaped logo.

Porsche's first all-electric auto will wear a "Taycan" badge when it goes on sale one year from now, the German automaker announced early June. This will enable the vehicle to accelerate from 0-100 km/h (0-62 mph) in 3.5 seconds and 0-200 km/h (0-124 mph) in less than 12 seconds.

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Porsche has officially announced the name of its new electric GT vehicle and it's Porsche Taycan (pronounced "tie-can"). The company, which is part of the Volkswagen Group, now offers several plug-in hybrid models and sold just over 900 of the Porsche 918 Spyder, a limited-edition plug-in hybrid supercar.

Porsche has said battery-only vehicles could account for a quarter of its sales by 2025. The car's top speed will be 155 miles an hour. But the Taycan's floor-mounted batteries should give it an extremely low centre of gravity to allow for hunkered-down handling that's comparable with more focused performance machines. It will have two highly capable electric motors, one powering the rear axle and the other the front axle.

The future Tesla Model S rival's J1 structure is one of three new electric auto platforms being developed within Porsche's parent company, the Volkswagen Group.

The Taycan will have a great advantage with its 800-volt, 350-kw charging system. The firm will double total investment up to 6bn Euros by 2022, spending on everything from a rapid charging infrastructure to hybrid and electric versions of its existing range. That means the auto will be able to add as much as 100 km of range in as little as four minutes.

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