Pitting the new electric sedan right up against the Tesla Model S. Convenient, right?

The upcoming Taycan, Porsche’s first all-electric model, will be priced below the larger Panamera sedan but above the Cayenne.

“We’re expecting a price somewhere between a Cayenne and a Panamera,” Robert Meier, line director for the Taycan, told Automotive News Europe.

If this pricing setup holds for Australia, the new electric sedan could have a starting price as low as $116,300 before on-road costs. Alternatively, the Taycan could also start nearer the entry-level Panamera, which has a MLRP of $210,000 before on-road costs.

That’s admittedly a large range into which the car could fall. The pricing gap between the two models is much narrower in Germany, with the Cayenne beginning at €74,828 ($120,020) and the Panamera kicking off at €90,655 ($147,370).

Given their many similarities, the Taycan is likely to be cross-shopped with the Tesla Model S. In Australia the base 75D variant is priced at $139,210 drive-away in New South Wales, with the P100D listed at $251,960.

In Germany, the Model S starts at €69,019 ($112,200) for the 75D, while the P100D starts at €145,420 ($236,400).

For what it’s worth, Lutz Menschke, Porsche’s chief financial officer, has gone on the record saying top-end Taycan variants could be priced as high as €200,000 ($325,130).

Should that be the case, these models will make the range-topping P100D seem cheap.

The company expects to produce around 20,000 examples of the EV per year, although it could add a third production shift if demand dictates.

Porsche has already revealed the Taycan will be available with a two-motor setup making over 440kW, a 0-100km/h time under 3.5 seconds and an NEDC range of over 500km.

It’s not known which variant this drivetrain will be fitted to. The Taycan is due to go on sale in Australia some time in 2020.

Note: Porsche Mission E concept pictured.