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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 full-electric sports vehicle won't hit the streets until next year but the Mission E concept now has a street-legal name: Taycan. A crossover SUV version, called the Mission E Cross Turismo, was revealed at the Geneva Motor Show earlier this year. 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.

This version of the Taycan is expected to be the flagship model; Porsche has invested a further 500million Euros (£437million) into its electrification strategy to develop additional versions of the vehicle. Tesla's highest-performance cars and SUVs can get to 60 miles an hour even faster - in less than three seconds.

Porsche Taycan or Tesla Model S? Raw acceleration and speed are certainly impressive metrics, but overall range is a much more important metric when we're talking about electric cars. Digital projects, such as networking via Porsche Connect and data security using blockchain in sports cars, will also feature.

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One source explained, "some of us think they just needed some time apart to figure out if it was possible to make it work". The A Cinderella Story actress is already mother to son, Luca Comrie, six, who she shares with ex-husband Mike Comrie .

At Porsche HQ in Stuttgart this company is in the process of building a new paint shop and dedicated assembly area for the Taycan.

All-wheel drive is expected to be standard on all versions initially, but there is the possibility of Porsche launching a more affordable rear-wheel-drive edition in the future.

The vehicle's battery will be able to travel 300 miles on a single charge based on measurements from the New European Driving Cycle (NEDC). Porsche plans to set up the 350-kw charging stations at dealers and a few other locations throughout the U.S. Prices are expected to start around $80,000 to $90,000. (It's a reference to the company's logo, with includes a leaping steed at its center.) "Our new electric sports auto is strong and dependable; it's a vehicle that can consistently cover long distances and that epitomizes freedom", said Porsche chairman Oliver Blume in a statement.