Lamborghini's First Electric Car Won't Be Ready Until 2029

Forex - Lamborghini CEO Stephan Winkelmann stated that the company plans to launch its first electric model in 2029, noting that the time is not yet ripe for full electrification in the sports car market segment. Lamborghini had previously announced that its first electric vehicle would be released in 2028. Meanwhile, Ferrari is set to launch its first electric car model in the first quarter of next year. Winkelmann remarked, "We do not think that 2029 is a late date for electric vehicles. We believe that the market in our segment will not be ready until 2025 or 2026."