Porsche has become the latest car brand to U-turn on its electric car policy, with bosses admitting that they intend to keep building petrol engines for the foreseeable future.

Porsche is to stick with petrol engines for “much longer” than previously planned as it pulls back from electric cars.

Porsche, long celebrated for its high-performance vehicles, is slowing its shift to an all-electric lineup. The automaker will continue producing internal combustion engine (ICE) vehicles for longer than anticipated,