Lamborghini Delays Launch of First EV to 2029, Reuters Says, Citing CEO

Dow Jones12-16

--Lamborghini plans to launch its first electric model only in 2029, as the luxury sports car market isn't ready for full electrification, Reuters reports, citing Chief Executive Officer Stephan Winkelmann.

--The Italian luxury car maker, owned by Germany's Volkswagen, had previously said its first EV was due in 2028, according to Reuters.

--Lamborghini is also awaiting a clearer regulatory outlook in the European Union, as the bloc is expected to review the ban on the sale of new internal combustion engine cars from 2035, Reuters reports.

Full story: https://bit.ly/49DTqHU

Write to Andrea Figueras at andrea.figueras@wsj.com

(END) Dow Jones Newswires

December 16, 2024 10:51 ET (15:51 GMT)

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