Lamborghini Postpones First Electric Vehicle Launch to 2029
In a strategic decision that reflects the unique demands of the luxury sports car market, Italy’s Lamborghini has announced plans to debut its inaugural electric model in 2029. As reported by Reuters, the move signals Lamborghini’s cautious approach to electrification, with CEO Stephan Winkelmann emphasizing that the market is not yet primed for a full electrification revolution in the sports car segment.
Lamborghini, a subsidiary of automotive giant Volkswagen, initially scheduled the release of its first electric vehicle (EV) for 2028. This decision was made in contrast to its Italian rival, Ferrari, which plans to unveil its EV offering early next year. Winkelmann elaborated on the timeline during a press conference at Lamborghini’s headquarters in Sant’Agata Bolognese, situated near Bologna, asserting that “we do not think that, in our segment, the market will be ready in 2025 or 2026.”
Italy’s Passenger Car Market in 2023
According to data from the IndexBox platform, Italy’s export value of passenger cars in 2023 reached $21.2 billion USD. The United States led as the top export destination with a value of $5.3 billion USD, followed by Germany at $3.7 billion USD, and France at $2.2 billion USD. Meanwhile, Japan and the United Kingdom also stood out as significant export markets with $932.1 million USD and $1 billion USD respectively.
The import landscape tells an equally engaging story, with Italy importing passenger cars valued at $37.7 billion USD in 2023. Germany tops the list of import origins, contributing $11.4 billion USD, with Spain and Poland following at $5.2 billion USD and $2.3 billion USD respectively. Furthermore, France and the United Kingdom were notable contributors, with imports valued at $2.2 billion USD and $1.8 billion USD.
This data highlights Italy’s robust involvement in the global automotive market, emphasizing both high-value exports and substantial imports in the passenger car sector, reinforcing its position as a key player in the international auto industry.
Leave a Reply