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Lamborghini Announces It Will Shift Away From Combustion Engines and Focus on Hybrid Car Production Starting Next Year. The Automaker’s Electric Cars Will Arrive in the Automotive Market by 2024
In the electric car race, Italian Lamborghini is gearing up to take the last lap with combustion engines that power models like the Aventador, as the sports car manufacturer shifts its lineup to plug-in hybrids. According to Stephan Winkelmann, CEO of Lamborghini, this will be the last time the company offers only combustion engines.
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Owner of the Lamborghini brand, the Volkswagen Group, with models like the Aventador, Urus, and Huracan focused on the racetracks, will present its first plug-in hybrid production car next year, before bringing its fully electric cars in 2024.
This year, the Italian automaker has nearly exhausted its production after record deliveries last year, according to Winkelmann. Lamborghini allocated a record €1.5 billion to the shift to plug-in hybrids and plans to bring a fully battery-powered model to market during the second half of the decade.
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While other supercar brands like Aston Martin Lagonda and Ferrari NV face the delicate task of preserving brand identity during the costly shift to electric cars, Lamborghini’s future plans are supported by VW’s significant records in new technologies.
Lamborghini Has Yet to Release Its Results from Last Year
The automaker of combustion engine cars is still working on a final project for its first electric car and is leaning towards a four-door model aimed at daily use.
Lamborghini has yet to disclose its results from last year but is on track for a profit (before interest and taxes) of 20%, according to a presentation to investors. The figures mentioned are compared to returns of just over 25% during the first nine months of last year for Ferrari. Full-year earnings, which are expected to be posted in March, should come in at a level that surprises everyone, Winkelmann stated. Surprising, of course, in a positive way.
Land Rover Decides to Focus on Hybrid and Electric Cars
With the imminent end of combustion engines, Land Rover is producing its first sustainable model. The Range Rover will take advantage of the arrival of the 5th generation, which was unveiled last year and will be built on the new MLA platform, created by the group for a range of electric and hybrid cars.
Expecting a fully electric version to arrive in about 3 years, the new Range Rover will start as a hybrid vehicle in two versions that will be available by the end of this year. These versions may hit the market equipped with a gasoline engine and a simply sized battery, which has a capacity of 38 kWh and promises to charge to 80% in just half an hour. The model will feature a power output of 510 horsepower and a torque of 71.3 kgfm, capable of going from 0 to 100 km/h in just 5.3 seconds.
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