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Porsche has announced that the electric Cayenne will be debuting after the Macan EV (2024) and the electric 718 (2025). Which means it will be debuting in 2026 or later.

Porsche Cayenne Electric Officially Announced, Coming After 2025
At its Annual Press Conference 2023, Porsche revealed plans for a fourth-generation Cayenne luxury SUV with an electric drivetrain.

Following a string of rumors, Porsche has announced an electric Cayenne is in the pipeline. The disclosure was made by chairman Oliver Blume during the Annual Press Conference 2023 event. The 54-year-old executive specifically referred to the EV as a fourth-generation SUV, meaning it won't be based on the current model slated to receive a facelift in April. The electric model is due to go on sale after the Macan EV (2024) and electric 718 (2025).
The folks from Zuffenhausen also reconfirmed a larger SUV positioned above the Cayenne is being developed and will sit on the SSP Sport engineered by Porsche. Blume explained the bigger EV is coming as a response to increasingly profitable markets such as China and the United States. The new member of the growing portfolio is being "designed to offer strong performance and automated driving functions with the typical Porsche flyline, along with a completely new experience inside the vehicle."