Lamborghini maps a cautious course toward electrification
May 18, 2021 / 1:46 PM
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Sharjah24 – Reuters: Supercar brand Lamborghini plans to invest $1.5 billion to produce an entirely gas-electric hybrid lineup by 2024, but its first fully electric model will not appear until the second half of the decade, the brand's CEO said.
Lamborghini, part of Volkswagen AG's Volkswagen Group, and other players in the rarified market for high-performance sports cars, including Ferrari NV, Aston Martin Lagonda and McLaren, are wrestling with how to shift their lineups to battery power without losing the visceral performance that supports their premium pricing.
Lamborghini's plan is to shift its current models - the Huracan and Aventador sports cars and the Urus sport utility - to hybrid, gasoline-electric powertrains by the end of 2024, the brand's chief executive, Stephan Winkelmann, told reporters in a video briefing ahead of Tuesday's announcement. During the second half of the decade, Lamborghini plans a new, all-electric model which will likely have seating for four, Winkelmann said. The exact design of that model has not been decided, he said, but, "in terms of the design, the sexier car is a two-door car." That timetable would put Lamborghini behind Ferrari, which has promised to have a battery-electric model by 2025.
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