Lamborghini plans to release its first electric car in 2029, saying the luxury sports car market isn’t ready for full electrification just yet, according to CEO Stephan Winkelmann.
Earlier, Lamborghini, a part of Volkswagen, had announced its first electric vehicle (EV) would arrive in 2028. Meanwhile, Ferrari, Lamborghini’s Italian competitor, is set to launch its first EV model by the end of next year.
“We don’t think launching an electric car in 2029 is too late,” Winkelmann said at Lamborghini’s headquarters in Sant’Agata Bolognese, near Bologna. “In our market, we don’t believe 2025 or 2026 is the right time.”
Lamborghini’s 2024 lineup consists entirely of hybrid cars, including the Urus SE SUV, the Revuelto sports car, and the Temerario sports car – the latter priced at over $315,000 (excluding taxes). The company says it’s taking a careful approach to electric cars and is waiting for clearer EU regulations. A review of the EU’s 2035 ban on new internal combustion engine vehicles is planned for 2026.
“This strategy feels right for our future,” Winkelmann added. He also mentioned the potential of synthetic fuels as a promising option for Lamborghini’s type of cars.
Winkelmann clarified that Lamborghini will remain a part of the Volkswagen group and will always manufacture its cars in Italy. “A Lamborghini built outside Italy or Sant’Agata is unthinkable,” he said.
When asked about any business concerns following Donald Trump’s election win and his possible tariffs on European goods, Winkelmann declined to comment but emphasized Lamborghini’s commitment to Italian manufacturing.
