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Mercedes high-performance arm AMG is about to hurl an all-electric, 1,000 hp GT squarely into Taycan territory – but will it be enough?

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Mercedes-AMG is prepping a new electric sports sedan that will take on the likes of the Porsche Taycan and Audi e-tron GT.

Underpinning the all-electric cousin to the AMG GT 4-Door will be the new AMG.EA architecture with a battery pack from Sila Nanotechnologies in the US and electric motors from British firm Yasa.

The average price of used cars has increased for the first time in years, but Teslas' value has seen a dramatic drop.