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Lamborghini to halt combustion vehicle production amid electric switch

Lamborghini to halt combustion vehicle production amid electric switch
Lamborghini to halt combustion vehicle production amid electric switch

VW-owned luxury sports car brand, Lamborghini is said to hit the brakes on the production of petrol-powered vehicles as the company aims to ramps up electric vehicle production in the coming years.

As per sources, the Italian sports car brand is set to unveil its very first plug-in hybrid production vehicle in 2023 prior to electrifying its complete vehicle line-up.

In a statement, Lamborghini’s CEO Stephan Winkelmann advised customers who are eager to purchase a petrol-only Lambo to hurry up as the company has sold out its entire production run for this year thanks to record deliveries witnessed last year.

Elaborating on sales recorded last year, the sports car brand sold 8,405 cars for the first time, with 60% of them being the Urus SUV, which sold 5,021 units worldwide.

Mr. Winkelmann added that it will be the last time that Lamborghini will be offering its combustion engine vehicles. He continued that the company is in talks to unveil four new models this year as it moves to hybridizing its lineup before launching its first all-electric model after 2025.

Credible sources state that Lamborghini has poured a record 1.5 billion euros to shift to plug-in hybrids, and its CEO claims that the company is still working on a final design for its first EV as well as a four-door model developed for daily use.

Lamborghini is certainly one of the leading supercar manufacturers that is transitioning to electrification. With its popular vehicle models like the Aventador and the Huracan becoming archaic, the company is bound to develop replacements in the coming years.

The sports car brand is also expected to benefit from the vast sums of funding from its parent company Volkswagen Group, which is targeted towards benefiting the entire group, along with its sister company Bugatti’s close relationship with hypercar maker Rimac.

Source Credit: https://www.stuff.co.nz/motoring/127576774/lamborghini-begins-its-farewell-to-ice

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Vinisha Joshi

Vinisha Joshi

Despite graduating with an engineering degree in electronics and communication, Vinisha Joshi chose the road less travelled, and decided to pursue her career in content writing . Currently, she pens down articles for cuereport.com and a few other distinguished news platforms, pertaining to business and finance.