SANT’AGATA BOLOGNESE, Italy (Reuters) -Italy’s Lamborghini will at all times make automobiles in Italy because it plans to launch its first electrical mannequin solely in 2029, amid a marketplace for luxurious sports activities automobiles which isn’t ripe for full electrification, CEO Stephan Winkelmann stated on Monday.
Lamborghini, a unit of Volkswagen (ETR:), had beforehand stated its first EV was due in 2028. Italian rival Ferrari (NYSE:) will launch its first EV mannequin within the first quarter of subsequent 12 months.
“We do not think 2029 is late to have an electric car. We do not think that, in our segment, the market will be ready in 2025 or 2026,” Winkelmann informed reporters at Lamborghini’s headquarters in Sant’Agata Bolognese, close to the northern Italian metropolis of Bologna.
Lamborghini from this 12 months has a whole hybrid three-model line-up, with the brand new model of Urus SE SUV, the Revuelto sports activities automotive and the brand new Temerario sports activities automotive, introduced throughout the summer time and which has a value of over 300,000 euros ($315,000), excluding value-added tax.
Winkelmann stated Lamborghini was not in a rush to push for electrification. The corporate is also ready for a clearer regulatory outlook within the European Union, as a assessment of the bloc’s ban on the sale of recent inner combustion engine automobiles from 2035 is presently scheduled in 2026.
“We think this is the right way to face the future,” he stated. “There are discussions around synthetic fuels and this is an opportunity for our kind of cars”.
Winkelmann, who reiterated there have been no plans for a Lamborghini spin-off from the Volkswagen group, stated Lamborghini automobiles would at all times be produced in Italy.
Requested whether or not he noticed any enterprise impression following the election of Donald Trump as the subsequent U.S. president and his menace of recent tariffs on European-made merchandise, Winkelmann declined to remark however added: “we cannot think of a Lamborghini being manufactured outside of Italy or of Sant’Agata”.
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