The purists can rest easy: A battery-powered version of the Porsche 911 is not on the way.

The German automaker’s CEO Michael Leiters said the brand has no intention of releasing a fully electric version of its most iconic model, according to Reuters. The sports car has been available as a hybrid for two years now, but that’s as far as the company plans to go.

The executive comments, which were made at an event hosted by the magazine Auto, Motor und Sport, should put an end to speculation about the possibility of a 911 EV for the foreseeable future. Porsche has never said such a vehicle was coming, but it is something that industry insiders and enthusiasts alike have been speculating since the marque announced it was working on an hybrid 911 earlier this decade. There are currently two such models on offer, the GTS and Turbo S, both of which pair a boxer six-cylinder engine with the company’s T-Hybrid system. That, though, appears to be as far as Porsche is willing to push the model in terms of electrification—at least for the time being.

A representative for Porsche did not immediately respond to a request for comment about Leiter’s declaration, which was first reported by the German news agency dpa.

Porsche was one of the first of the legacy sports car makers to embrace EVs when it released the Taycan in 2019. Although the record-breaking sedan has won its fair share of plaudits, it has yet to become the commercial hit the company expected it to be.

Because of this, Porsche executives, like their peers at Bentley and Rolls-Royce, have come to realize they overestimated the demand for EVs from their customer bases. This is why there was chatter earlier this year that the company might pull the plug on the all-electric next generation of the 718 and why it is currently stockpiling gas-powered Macans before the model goes out of production later this year.

Despite this, Reuters reports Porsche will continue to invest in EVs, though it is expected to do so selectively going forward. In addition to the Taycan and Macan EVs, an all-electric version of the Cayenne is also currently available. The delayed battery-powered 718 is also expected to arrive next year.