Italian supercar maker Lamborghini has announced plans to launch a fully electric vehicle.
Calling it a "transformation program," Lamborghini, owned by German automaker Volkswagen, laid out a roadmap to the decarbonization of future Lamborghini models and of the Sant’Agata Bolognese site, its manufacturing headquarters in Italy.
The company said the next 10 years will see it transition to producing hybrid gas/electric vehicles before it launches a fully electric supercar in the latter half of the 2020s.
Lamborghini’s roadmap is comprised of three phases; the first, for 2021 and 2022, sees the company remain focused on combustion engine models with two new cars in the V12 model line-up.
The second phase would reflect a "hybrid transition" that would take place by the end of 2024.
The hybrid transition would involve what it called "unprecedented investment" with more than $1.83 billion U.S. allocated over four years, the largest investment in Lamborghini’s history.
The third and final phase would see Lamborghini launch its first fully electric vehicle in the second half of this decade.
Lamborghini’s plan for an electric supercar looks to be slightly behind rival Ferrari’s similar roadmap. Ferrari Chairman John Elkann has stated that his Italian supercar manufacturer will unveil its first battery-powered vehicle in 2025.
