Lamborghini delays first EV launch to 2029 due to market not being ready

From Investing.com: 2024-12-17 05:05:33

Lamborghini CEO Stephan Winkelmann announced plans to launch the brand’s first electric model in 2029, emphasizing the luxury sports car market isn’t ready for full electrification. The company’s hybrid lineup includes the Urus SE SUV, Revuelto, and Temerario sports cars, priced at over 300,000 euros each. Winkelmann also highlighted the importance of regulatory clarity in the EU. There are discussions about synthetic fuels for their cars. Lamborghini will always be produced in Italy, with no plans for a spin-off from Volkswagen. Winkelmann declined to comment on potential business impacts from Donald Trump’s election.



Read more at Investing.com: Lamborghini delays first EV launch to 2029 as market not ready By Reuters