Lamborghini Investing $1.88 Billion into Plugin-Hybrid Lineup by 2024
Following the Lamborghini CEO’s statements that it hopes to sell gas cars beyond 2030, the automaker has now officially detailed plans to invest nearly $2 billion into going partially electric.
Lamborghini plans to invest at least $1.88 billion (1.8 billion euros) into going electric, according to a report from Automotive News Europe shared on Friday.
CEO Stephan Winkelmann told newspaper outlet Il Sole 24 Ore about the investment, saying it would produce a plugin hybrid lineup as soon as 2024.
Winkelmann also went on to say that the figure doesn’t even represent the development of a battery-electric vehicle (BEV), which he said would be a “very difficult challenge.”
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In a statement earlier this year, Winkelmann said the first Lamborghini EV would be a two-door coupe.
As for a BEV, Lamborghini has previously said a fully-electric vehicle would hit markets prior to 2030, though it’s not yet clear if that will take place.