Lamborghini Delays Launch Of Its First Electric Model To 2029

Luxury automaker Lamborghini has postponed the release of its first fully electric vehicle (EV) to 2029, citing market unpreparedness, Doloresz Katanich reported for Euronews.

Despite the delay, Lamborghini continues to develop hybrid models as it prepares for a more electrified future while monitoring market readiness for its ultra-luxury EV offering. I Photo: Lamborghini

CEO Stephan Winkelmann explained that the brand's decision reflects its assessment of the luxury sports car market. “We do not think 2029 is late for an electric car. In our segment, the market is unlikely to be ready in 2025 or 2026,” he said, according to Reuters.

This delay comes as competitors like Ferrari plan to introduce their first electric model next year. European automakers face challenges transitioning to EVs amidst lagging sales and evolving regulatory pressures.

Despite the delay, Lamborghini continues to develop hybrid models as it prepares for a more electrified future while monitoring market readiness for its ultra-luxury EV offering.