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Lamborghini EV delayed to 2029 due to market conditions

Lamborghini EV delayed to 2029 due to market conditions

Posted on December 16, 2024 By rehan.rafique No Comments on Lamborghini EV delayed to 2029 due to market conditions

  • Lamborghini’s first EV is now slated to launch in 2029
  • The EV was previewed in 2023 by the Lanzador concept and originally promised for a 2028 launch
  • Other exotic brands have also delayed their EVs, though Ferrari remains on track to launch its first EV in 2025

Lamborghini has delayed the launch of its first electric vehicle to 2029, a year later than originally planned, Reuters reported on Monday, citing comments from Lamborghini CEO Stephan Winkelmann.

Winkelmann, speaking to journalists at Lamborghini’s headquarters in Sant’Agata Bolognese, said the market is not yet ready for EVs in the high-end performance segment and that his company is in no hurry to launch one, according to the report.

Winkelmann also reportedly mentioned that Lamborghini is waiting to see the outcome of the European Union’s 2026 review of the ban on gas engines in new cars by 2035. The review could potentially introduce loopholes for cars running on carbon-neutral fuels, which Winkelmann reportedly described as an “opportunity” for Lamborghini.

Lamborghini’s current three model lines are all plug-in hybrids, and the EV will be a fourth model line. Lamborghini previewed the EV’s design with the Lanzador concept, revealed during 2023 Monterey Car Week. At the time, Lamborghini stated that production would start in 2028.

Stephan Winkelmann

Stephan Winkelmann

The Lanzador is a high-riding coupe with 2+2 seating. As recently as January, Lamborghini said it would follow the Lanzador with an electric SUV in 2029, though it is unclear if plans for the SUV are still on track.

Rival exotic brands Aston Martin and Bentley have also delayed the launch of their first EVs by a year, with both now planning launches in 2026.

And Rimac Group CEO and founder Mate Rimac in May during the Financial Times Future of the Car conference in London said buyers in the high-end segment prefer a more emotive, more analog experience. Rimac cited the low demand for his own Nevera electric hypercar, which has failed to sell out despite being launched in 2021 with a build run of only 150 units.

Ferrari, however, remains on schedule to launch its first EV in 2025. Prototypes of the electric Ferrari have been spotted testing on roads near Ferrari’s Maranello headquarters.

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