Wednesday, May 7, 2025

Latest

Lamborghini to Spend $1.8 Billion Electrifying Its Supercars

Supercar maker Lamborghini is the latest auto company to make the switch from combustion engines to electric.

Lamborghini, which is owned by Volkswagen AG, revealed on Tuesday that it will begin offering a plug-in hybrid version of its entire supercar lineup by 2024. The carmaker is also expected to launch its very first fully-electric vehicle by the second half of the decade. According to Lamborghini CEO Stephan Winkelmann, the brand is planning to spend $1.8 billion to develop the new environmentally-conscious fleet, that, beginning in 2025, will cut its emissions in half. The latest outlay is expected to be largest ever for the automaker.

The reduction of the CO₂ emissions is interesting to the big brands of the automotive industry, but it’s even more difficult and even more impacting for a super-sports-car manufacturer like Lamborghini,” Winkelmann explained to Bloomberg News in an interview. “You need to reduce the emissions, but on the other hand you have to stay a performance-oriented, super-sports-car manufacturer without any doubt. So it’s a big challenge for us. In a very simple way, you have to change everything not to change anything,” he added.

Lamborghini has previously entertained the idea of going electric, but has remained mum on those plans until now. Back in 2014, the automaker debuted a hybrid version of the Asterion at the Paris auto show, but has refrained from releasing further details since then. Winkelmann told Bloomberg that the latest all-electric model will likely have two doors and four seats, but the complete configuration of the vehicle has yet to be finalized.


Information for this briefing was found via Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Verses Hits Commercialization Stage With Genius AI Platform

Related News

New Brunswick Offers Rebates To Achieve 20,000 Electric Cars By 2030

After falling short of its 2020 target to put 2,500 electric cars on the road,...

Friday, July 9, 2021, 11:40:00 AM

Utility Coalition Plans to Build Out U.S. EV Charging Network

On December 7, the National Electric Highway Coalition (NEHC) announced ambitious plans to build a...

Sunday, December 12, 2021, 03:02:00 PM

Hyliion Holdings: Leveraging Existing Alternative Fuel Infrastructure

Hyliion Holdings’ (NYSE: HYLN) debut as a public company in June of 2020 was mostly...

Wednesday, November 11, 2020, 03:30:00 PM

General Motors Announces Another Extremely Costly Bolt Electric Vehicle Recall; Negative Implications for EV Industry

After the market close on Friday, August 20 (a typical timeslot when companies release bad...

Saturday, August 28, 2021, 01:02:00 PM

GM’s Electric Hummer Poised to Compete with Tesla in the EV Market

It appears that Tesla is about to meet its match in the off-road segment of...

Tuesday, October 20, 2020, 02:03:00 PM