Lamborghini has decided to postpone the launch of its first fully electric model by a year, in the hopes that the market conditions will be more favorable by then, as per a report by Reuters.
“We do not believe that 2029 is too late to introduce electric cars,” stated CEO Stephan Winkelmann during a press conference at Lamborghini’s headquarters in Sant’Agata Bolognese, Italy. “We do not foresee the market being ready for electric vehicles in our segment by 2025 or 2026.”
Lamborghini Lanzador concept
Winkelmann also mentioned that Lamborghini is awaiting regulatory clarity in Europe. The European Union is set to review its plan to phase out new internal combustion vehicle sales by 2035 in 2026, which could potentially provide an alternative for Lamborghini to avoid going fully electric.
“There are ongoing discussions regarding synthetic fuels, which could present an opportunity for our vehicles,” added the Lamborghini CEO.
In 2023, Lamborghini confirmed that its first electric vehicle would be a 2+2 grand tourer with a target range of 300 miles and a spacious rear seat. The company previewed this model with the Lanzador concept and announced a revised launch date of 2028.
Lamborghini Lanzador concept
Lamborghini has reiterated its commitment to keeping its iconic supercars powered by plug-in hybrid technology for the time being, while exploring all-electric powertrains for other vehicle categories. This strategy is in line with McLaren’s approach, as the British automaker’s CEO previously stated that an electric supercar might not be feasible until 2030.
Meanwhile, Lamborghini’s long-standing rival Ferrari is forging ahead with its plans to launch a $500,000 electric vehicle in 2025. The electric Ferrari will be produced at a new facility located north of its current site in Maranello, Italy.