What's the difference?
No good deed goes unpunished.
Porsche, a brand synonymous with petrol-guzzling sports cars, tried to do the right thing and make a nearly wholesale switch to electric vehicles by the end of the decade. The problem was, while this made governments happy, it didn’t sit well with customers.
Porsche’s all-electric Macan is enduring a torrid 2026, with sales down over 75 per cent now that all the petrol-engined options are gone.
But that hasn’t stopped the German brand trying again with an all-electric Cayenne. However, there are some key differences that mean this latest electric Porsche won’t suffer the same fate.
Namely, the petrol-powered and hybrid versions aren’t going anywhere and new versions are rumoured to be coming in the not-too-distant future.
For now though, we have this all-new electric Cayenne - so how does it stack up to its predecessors as the sports car brand’s big SUV? And will it be second time lucky for Porsche’s electric transition? Based on two rather unorthodox days of test driving, the verdict might surprise you…
I know, picture Ferrari and you'll likely be conjuring images of potent V12 or V8 engines, a scenery-shaking exhaust bark on start-up and a fuel bill that would make a Sheikh wince.
But this one, the 296 GTS, doesn't have, or do, any of those things. In fact, it doesn’t so much explode into life as it does kind of whirr gently, as though you’ve just switched on a photocopier.
And yet, people I trust on these matters reckon this just might be the best Ferrari to have ever worn the badge. So, I guess we better get to figuring out what the hell is going on with this plug-in Prancing Horse.
There is a lot riding on this new Cayenne Electric, it is the sales leader for the German brand and if it suffers the same sales decline as the Macan, that will be a big concern for Porsche.
The good news is it’s an impressive all-rounder, with an incredible breadth of capability. But so is the electric Macan.
Going electric hasn’t diminished its trademark Porsche elements, and instead has amplified them in many respects. The speed is nothing short of staggering in the Turbo, but across the range the on and off-road driving ability is impressive.
Plus it has the kind of spacious, well-considered and premium appointed cabin you should expect for a luxury SUV.
There are two key differences that could see it succeed where the Macan has faltered. Unlike the Macan, Porsche’s decision to give Cayenne buyers the option to stick with internal combustion if they prefer, is likely to ensure it remains a popular member of its line-up for years to come.
And while the Macan was perhaps too much, too soon, the Cayenne arrives at a time when Australians are embracing electric cars more than ever before. Although the luxury and performance end of the EV market is growing more slowly than the mainstream.
As for the pick of the range, as mind-blowing as the Turbo is, the truth is (like pretty much every Porsche model) the entry-level Cayenne is arguably the pick of the bunch. It has all the performance you’ll reasonably need and offers a good blend of capability and luxury for the lowest price.
Note: CarsGuide attended this event as a guest of the manufacturer with travel, accommodation and meals provided.
Anyone who says electrification somehow muddies the Ferrari formula is wrong. This plug-in Prancing Horse is among the most potent and direct vehicles I’ve ever driven, and the electric motor only adds to the experience.
For all the positives of continuing to offer the previous generation Cayenne alongside the new one, it does come with some downsides too. The most obvious is unmissable design differences between the older generation and this newer one.
This new electric version has the same basic silhouette of the previous Cayenne, but the details give it a distinctive look. Being electric it needs to cut through the air as efficiently as possible, so this new model is longer and lower than the internal combustion versions.
The details of the design also give it a sharper, more modern look too. Not that the previous Cayenne suddenly looks old and outdated, but if you stick with petrol power you will be sacrificing the latest styling.
Another surprising design element with this new model is an optional off-road package, which includes a unique front bumper for greater off-road clearance and approach angle. It’s unlikely that too many Cayenne Electric owners will head deep into the bush, but for those who want to, the unique bumper will help them go further.
However, it does create a rather unusual look, as it has quite a pronounced undercut, or what I referred to as an ‘overbite’ that definitely doesn’t look as well-proportioned as the standard bodykit.
Inside, for all the hype around Porsche performance, one of the brand’s standout features has always been interior design.
This new Cayenne looks really interesting inside, with curved screens for the digital instrument display and the multimedia system, as well as the option to add a third screen in-front of the passenger.
The overall level of fit and finish, the detail and quality of the materials is exactly what you’d expect from a premium brand and an SUV at this price point.
It is hard not to swoon when you gaze upon the 296 GTS, and I say that with no bias - I don’t think all Ferraris have looked this good.
But this is Ferrari at its dreamy, sweeping best, from the tarmac-kissing front — which generates so much downforce and cooling it negates the need for active aero — to its swollen haunches and the glass-topped engine window.
So what’s the difference between this and the GTB? Largely it is the ability to drop the folding roof, meaning you can feel the wind in your hair and that exhaust in your soul. To be honest, though, I reckon it looks better top up...
It’s a cockpit-style driver’s set-up inside, and there’s lots I love and some things I don’t. But let’s start with the steering wheel, which might be one of the best in existence.
It feels magic under the touch, as do the giant flappy paddles which remain fixed in place as you turn the wheel.
It’s also surprisingly comfortable in the figure-hugging sports seats, though climbing in and out of them is not necessarily something you want to do in front of a crowd.
Downsides? There is plenty of tech in the 296 cabin, but it’s all controlled from the steering wheel, making it fiddly and annoying to use.
Also, there are F1-levels of complexity on the control-everything steering wheel, and if I’m being honest, there are some buttons or switches, the function of which I still don’t fully understand.
As for the space and practicality, once again Porsche showcases that it’s not a one-trick pony brand. As fast as the Cayenne Electric is - and is very fast - the designers have also ensured it is a genuinely spacious vehicle for a family.
The second row space is good, enough to take two adults in comfort and easily accommodate three kids.
The SUV is obviously the more practical of the pair, with the Coupe losing some rear headroom.
As for the boot, space varies between 781L for the Cayenne SUV and 747L for the S and Turbo SUVs, while the Coupe looks sleeker but comes at the expense of cargo capacity, dropping to 534L for the Coupe and Coupe S and just 500L for the Coupe Turbo.
The technology integration is well-considered too. One highlight is the new curved central multimedia screen, which has a palm rest that extends out from the centre fascia to make it more ergonomic to use the screen.
The intuitive menu, as well as the physical controls for the volume and climate control, plus the ability to integrate the smartphone apps, means the key non-driving functions are incredibly easy-to-use, even on the move.
Integrated into that palm rest is a large centre console space between the front seats, which has both wireless smartphone charging as well as four USB-C ports and two cupholders. It means there is plenty of small item storage space to go with all the room for people.
What do you want to know around practicality? We’re talking two seats, about 200 litres of cargo space total and a couple of smallish storage spaces in the cabin. And… that’s about it.
Next question, please.
Starting with the basics, there are two different variants of the new Cayenne - the SUV and Coupe - and three trim grades to choose from - the entry-level model (known only as ‘Cayenne’), the sportier S and the flagship Turbo.
A major factor in the sales decline of the Macan is undoubtedly the rising cost of the car, which leapt up as much as $30,000 on some variants. So Porsche has been more careful with how it has positioned the Cayenne.
The new electric Cayenne is still a more expensive proposition, with the standard Cayenne SUV starting at $167,700 ($173,500 for the Coupe), which is over $20,000 more expensive than the equivalent petrol-powered model. It should be noted that that doesn’t factor in the increased performance and level of standard equipment, which includes air-suspension across the entire electric range.
Moving up the range, at $193,000 (Coupe - $194,500) the Cayenne S Electric is only just over $8000 more than its petrol alternative but the $259,800 (Coupe - $272,000) Turbo is actually more than $40,000 cheaper than the Turbo E-Hybrid. So it is not as simple as saying the electric Cayenne costs more across the board.
However, this isn’t the only one of the key differences between Porsche’s Macan and Cayenne strategy. The Cayenne petrol and hybrid models are here to stay for the foreseeable future. Rather than being completely replaced by the electric version, Porsche has learned its lesson and is giving customers more choice.
Officially Porsche hasn’t confirmed a new-generation of Cayenne petrol/hybrids, but all signs point to a new version coming in the next few years to carry on internal combustion power deep into the 2030s.
Porsche Australia also knows that the competitiveness of our very crowded market means extra equipment is a good idea. So all Australia-bound Cayenne Electrics come relatively well equipped, and more so than most overseas markets. For example, all local examples are fitted with air suspension as standard.
For the Cayenne, standard equipment includes:
For the extra money - aside from extra performance we’ll detail later - the Cayenne S adds:
The Cayenne Turbo adds even more performance as well as:
Adaptive sports seats with 18-way adjustment
Okay, hold your breath for a moment. The 296 GTS lists at $668,146, which is a sizeable jump over the hard-top GTB, which is more like $551,800. But what price a little open-air freedom?
What you get for that investment is a two-part (solid) folding roof, of course, but also what might be Ferrari’s most high-tech offering to date, with a plug-in hybrid system delivering potent performance rather than a usable EV driving range, a mega-clever braking system and an almost telepathic six-way 'Chassis Dynamic Sensor' designed to link the car’s key functions to make the experience, and the driver, somehow better.
Elsewhere, there are sports seats, Matrix LED headlights, 20-inch alloys, keyless entry and a very cool engine start touch-button on the even cooler steering wheel.
Oh, and there's wireless charging and Apple CarPlay, both thankfully standard in Australia, the latter controlled through the steering wheel and digital driver display.
It's all beautifully finished and a joy to behold and sit in.
As mentioned earlier, there are three initial Cayenne Electric variants and each offer a different powertrain option. All are dual-motor, all-wheel drive but the power levels vary greatly depending on what you spend.
The standard Cayenne Electric comes with 300kW (325kW on Overboost), which is enough for this five-seat, family friendly SUV to launch 0-100km/h in just 4.8 seconds, which is genuinely impressive.
However, stepping up to the Cayenne S raises the power level to 400kW (490kW on Overboost) and drops the 0-100km/h time to 3.8 seconds.
Finally there’s the Cayenne Turbo, with up to 850kW of power and a claimed 0-100km/h capability of just 2.5 seconds. Which is borderline crazy for such a big SUV.
It is worth explaining that the 850kW claim for the Cayenne Turbo is only available for short bursts of performance when you activate Overboost, and the ‘standard’ output for the two electric motors is 630kW, which may sound like a lot less but is actually more than enough to make the Cayenne Turbo feel fast anytime you need more performance.
Now we're talking. The powertrain here is both tremendous and terrifying, pairing a 3.0-litre twin-turbo-petrol V6 with a rear mounted electric motor, and a 7.5kWh battery, to deliver a total 610kW and 740Nm. That power is fed through an eight-speed dual-clutch auto transmission.
Those are, frankly, scary numbers, and enough, Ferrari says, to dispatch 100km/h in just 2.9 seconds, and to push on to a top speed of 330km/h.
The Cayenne is Porsche’s third electric model, after the Taycan and Macan, and it shows. The brand has taken battery production in-house for the Cayenne, producing the 106kWh unit at its own factory in Eastern Europe.
Range is rated at 542km for the Cayenne, 571km for the Cayenne S and 537km for the Cayenne Turbo.
Thermal efficiency is the key selling point for Porsche, as it unlocks not only the peak performance but also the repeatability that allows the Cayenne to launch so quickly over and over again. It’s notable, that unlike most other EVs that get slower the more time you extract peak performance out of them, Porsche was happy for us to undertake multiple acceleration runs in the same vehicle.
But that’s not the only trick Porsche has up its sleeve. It will be introducing inductive charging with the Cayenne. This means you’ll be able to buy a charging pad you can place on the floor in your garage, and simply drive it, park on top of it and the Cayenne will charge wirelessly.
This has the potential to be a game-changer for EV buyers as it removes the need to plug in to replenish the batteries, making life even easier for owners. It’s not available in Australia at the time of publication, but the company says it will be available from the fourth quarter and all Australian-delivered models, even those sold now, will be able to be retrofitted to take advantage of the technology.
As well as the ability to start up and slink away silently, the Ferrari 296 GTS’s little battery will deliver a 25km EV-only driving range, and contribute to the overall claimed fuel use of just 6.5L/100km.
Charging is AC only, and the the brand reckons it takes around 90mins to top up using an 11kW charger. The self-charging is on-point, though, with the Ferrari able to quickly recoup energy from braking and the like to top up the battery without needing to plug in.
Porsche Australia invited us to drive the new Cayenne Electric in Port Lincoln, South Australia. While a picturesque part of the country, it seemed like an unlikely venue to test drive a new Porsche, as it’s typically Ford Ranger/Toyota HiLux country.
But one of the reasons Porsche launched the Cayenne Electric in regional South Australia was because they had managed to find a small airstrip we could use to fully explore the acceleration potential.
Even some operator error, which meant my launch was using ‘just’ the 630kW, the acceleration was sickeningly fast and had me hitting more than 170km/h in just 200m. With the full 850kW unleashed the Cayenne is actually faster 0-100km/h than Porsche’s hero sports car, the iconic 911 Turbo S.
That alone is a remarkable achievement, but Porsche had a few more reasons for taking us to Port Lincoln. After a drive on some sealed roads, which demonstrated the SUV's on-road composure, we found ourselves heading off-road… more off-road than I thought possible (or at least sensible) in a Porsche.
After surviving some of the gnarliest rocky roads, we found ourselves in some stunning sand dunes. We were driving the Cayenne S with the optional off-road package but the only other modification was to let down the tyres.
Carving through sand dunes like you’re in the Dakar Rally is likely to be a rare job for the Cayenne Electric, but the fact it is capable is immensely impressive and helps to demonstrate the breadth of capability that this electric SUV has.
But Porsche wasn’t finished showing off just how multi-talented the Cayenne is.
They had a Cayenne Turbo attached to a trailer, carrying the previously beaten 911 Turbo S, to prove that it can live up to its claimed 3500kg towing capacity.
Towing a nearly $600k sports car with a $260k SUV is an expensive way to demonstrate the point, but the Cayenne didn’t miss a beat. Certainly the battery was dropping more rapidly than it was unladen, but the electric Cayenne underlined that it can do everything the petrol versions can manage (at least over a short distance).
The engine is undoubtedly a highlight, and we’ll get to that in a moment, but I first want to talk about the steering in this car.
It might sound like a weird point to get hung up on, but it is sensational, and maybe the best I’ve ever experienced. Generally speaking, super-responsive steering can risk feeling overly sharp and uncomfortable when cruising, but somehow the 296 manages to feel super natural, super responsive, and super engaging, without every feeling sharp or darty. It’s just predictable, responsive, and spectacular.
Honestly, it is a highlight of a drive experience filled with highlights, with another being the dual-nature of this drop-top supercar. Long before I got anywhere near a twisting road I needed to navigate the usual nightmare that is Sydney, tackling traffic, suburbia, freeways, tunnels and expansion joints galore, and the 296 never felt uncomfortable.
Instead, the 296 slipped into a comfortable kind of lope, never jarring or rough, and eminently easy to get along with. And yet, when you arrive on the right road that veil of sensibility drops, and the Ferrari quickly reminds you of its potential.
For a start, the acceleration is properly, startlingly aggressive. Engage the 'Qualification' drive mode (which unlocks the full might of the Ferrari's electrified powertrain) and flatten your right foot, and you'll find the world suddenly hurtling past your windows, and your knuckles will no doubt whiten as you feel the rear tyres fighting for traction against the onslaught should you try it on anything but the straightest of roads.
It's addictive, but it's just one element of a near-perfect combination on offer here, with the 296 GTS the stiffest Ferrari drop-top to date, which becomes immediately clear as you start to attack corners with ever-growing confidence.
Grip, stability and stiffness in spades, the GTS delivers. And all accompanied by an exhaust howl so angry and evil it’s hard to believe it’s being generated by a V6.
It’s a thing of very near perfection.
As for safety, the Cayenne Electric is as well equipped as you should expect a car at this price to be. There are all the features that have become the norm, including speed limit warning, autonomous emergency braking, lane keeping assist, etc.
But it’s not the fact that it has all the safety features that’s impressive, it’s the level of calibration. Yes, the speed limit warning will go off if you speed, but generally the other safety systems were very well-behaved and understated during our drive.
However, the only caveat with that is our drive was almost entirely in regional areas, so we should reserve final and definitive judgement until we get it into the urban environment.
As for its safety rating, the Cayenne was crash tested by Euro NCAP in December 2025 and awarded a maximum five-star score. It is unlikely ANCAP will crash test such an expensive model here, so expect the same rating to carry over barring something unusual.
Not much chance of the 296 GTS being crash-tested in Australia — you’d be able to hear the Italians weeping across the ocean.
You do get front and side airbags parking sensors, a reversing camera, auto high beam and tyre pressure monitoring.
The Cayenne Electric is covered by Porsche’s usual three-year/unlimited kilometre warranty, and the battery gets eight years of coverage.
Both of these are fairly standard by historical terms, but with so many luxury brands - including Audi, BMW, Lexus and Mercedes-Benz - all now offering five years of coverage, it does leave Porsche lagging behind.
Servicing intervals are every 12 months or 15,000km, whichever comes first, which is standard for an internal combustion engine vehicle.
Porsche doesn’t offer capped-price servicing, so prices may vary from dealer to dealer. However, the brand does sell a special EV-focused ‘Porsche Scheduled Maintenance Plan’ that costs $1995 for three years, $3695 for four years and $3995 for five years of servicing.
Standard is a three year warranty, but you can extend that for up to five years. Then, if your car has less than 90,000km on the clock, you can opt into the 'New Power15', which gives you up to 15 years total warranty coverage and is fully transferable.
The first seven years scheduled maintenance is free-of-charge.