Lamborghini delays the launch of its first electric model to 2029

Lamborghini has announced that it will launch its first fully electric vehicle in 2029, one year later than previously planned.

According to Reuters, CEO Stephan Winkelmann said that the luxury sports car market lacks readiness for full electrification. “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."

Meanwhile, its Italian rival Ferrari plans to unveil its first electric model as early as next year.

Lamborghini's announcement came as European carmakers are facing lagging sales and difficulties with the transition to EVs as well as evolving regulatory frameworks.

The Italian carmaker's boss said that Lamborghini is waiting for a clearer regulatory outlook in the EU, as the bloc is set to review the 2035 ban on new internal combustion engines (ICE), this review is currently scheduled in 2026.

Lamborghini is also closely following the discussions around synthetic fuels which is "an opportunity for our kind of cars," said Winkelmann.

According to Reuters, Lamborghini also confirmed that there were no plans for the brand to spinoff from the Volkswagen group, and that Lamborghini cars would always be produced in Italy.