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Finance

Lamborghini delays first EV launch to 2029 as market not ready, CEO says

Published by Global Banking & Finance Review

Posted on December 16, 2024

1 min read

· Last updated: January 27, 2026

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SANT'AGATA BOLOGNESE, Italy (Reuters) - Italy's Lamborghini plans to launch its first electric model in 2029 as time is not ripe for full electrification in the sports car market segment, CEO Stephan

Lamborghini Postpones First Electric Car to 2029, CEO States

SANT'AGATA BOLOGNESE, Italy (Reuters) - Italy's Lamborghini plans to launch its first electric model in 2029 as time is not ripe for full electrification in the sports car market segment, CEO Stephan Winkelmann said on Monday.

Lamborghini, a unit of Volkswagen, had previously said that its first EV was due in 2028. Italian rival Ferrari will launch its first EV model in the first quarter of next year.

"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 told reporters at Lamborghini's headquarters in Sant'Agata Bolognese, near the northern Italian city of Bologna.

(Reporting by Giulio Piovaccari, editing by Gianluca Semeraro)

Key Takeaways

Lamborghini's first EV launch delayed to 2029.
CEO Winkelmann cites market readiness concerns.
Initial launch was planned for 2028.
Ferrari to launch its first EV next year.
Lamborghini is a Volkswagen unit.

Frequently Asked Questions

What is the main topic?

The main topic is Lamborghini's decision to delay its first electric vehicle launch to 2029 due to market readiness concerns.

Why did Lamborghini delay its EV launch?

Lamborghini delayed its EV launch because the market is not ready for full electrification in the sports car segment.

When was Lamborghini's first EV originally planned?

Lamborghini's first electric vehicle was originally planned for 2028.

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