Lamborghini forays into EV business; plans to launch supercar after 2025

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One of the leading Italian luxury car makers, Lamborghini, is all set to debut into the electric vehicle business while laying down its electrification plans, which will proceed in 2 distinct phases over the upcoming decade.

By the end of 2024, the firm plans to launch gas-electric hybrid versions of its entire lineup. Post this, Lamborghini is set to debut its all-electric model any time before the end of the decade. This would mean that the hybrid versions of Huracan, Urus, and Aventador models would be coming out in the global markets within the next three years, along with the limited production of Sian roadsters.

The move comes amid the stringent emissions regulations around the world and ability of electric motors to deliver 0 to 60 mph times the fastest gas-fueled supercars in the world.

In fact, Lamborghini’s parent company, Volkswagen Group, has announced investing $19 billion and gradually ceasing the production of new IC engines in favor of shifting toward full-scale EV production.

Speaking of the recent move, Stephan Winkelmann, Lamborghini CEO, quoted that introduction to electric supercar would potentially fill in the gaps at the time when the customers are looking forward to shifting gears from IC engine vehicles to EVs.

Winkelmann further mentioned that Lamborghini is targeting a 50% or more reduction of its carbon footprint by the beginning of 2025. Moreover, the firm is now planning to spend $1.8 billion on electrification and hybrid transformation.

Speculations have it that the Italian car maker would spend the next two years celebrating the combustion engine, which it cites has contributed massively to the firm’s recent financial success.

For the uninitiated, the Italian automaker had unquestionably one of the best years in 2020, despite a compulsory two-month factory shutdown due to the coronavirus outbreak. The company delivered about 7,430 cars during the year, down by just 9% from the record high in 2019.

Furthermore, the sales scaled to $1.9 billion, however down by 11% from 2019, but the company declared that the profits rose to a record high as customers ordered highly customized, and more pricey cars.

Source Credit: https://www.theverge.com/2021/5/18/22440143/lamborghini-ev-electric-supercar-hybrid-models-announce