Tesla Motors continues to receive challengers, as Volkswagen unveiled a prototype of its battery-powered Porsche Monday at the Frankfurt Motor Show.
The new sports car, called the Mission E, comes with an 800-volt electric powertrain and more than 600 horsepower, and it can travel up to 310 miles on a single charge, according to Financial Times.
The vehicle can accelerate to 62 mph in 3.5 seconds, and Porsche says that it only takes 15 minutes to charge the car up to 80 percent.
The first Mission E prototype, which has been in development for months, resembles Porsche's 911 while performing on par with electric cars like the Tesla Model S, which can go from 0-60 mph in three seconds.
"When we designed this car, we knew it had to be a real Porsche," Matthias Muller, chief executive officer of Porsche AG, said in an interview before the Frankfurt Motor Show, The Wall Street Journal reported. "It had to feel like a 911."
While the Mission E is currently just a concept, Porsche- owned by VW- said that it will decide on whether to build the car by the end of the year, Financial Times reported. Executives say that if the automaker decides to go through with production, the vehicle could be made available by 2018.
VW wasn't the only automaker to reveal competition for Tesla at the Frankfurt Auto Show, as BMW unveiled its i3 battery-powered compact car and i8 plug-in hybrid sports car, WSJ reported.
"We are happy that more companies are deciding to put electric vehicles on the road," Tesla spokeswoman Khobi Brooklyn said.
VW plans to release at least 20 EVs or plug-in hybrids by 2020, a move that would expand its total green car range to 30 vehicles by the end of the decade.