Lamborghini To Spend $1.8 Billion To Develop Electric Vehicle By 2030

Italian luxury automaker Lamborghini said on Tuesday it plans to release its first all-electric vehicle by the end of the decade, while expanding its hybrid production, as European firms scramble to meet EU climate targets by 2030.

Photo by Pixabay

Author: Palash Ghosh

Source: Forbes

CRUCIAL QUOTE

“The reduction of the [carbon] emissions is interesting to the big brands of the automotive industry, but it’s even more difficult and even more impacting for a super-sports-car manufacturer like Lamborghini,” Lamborghini CEO Stephan Winkelmann told Bloomberg. “You need to reduce the emissions, but on the other hand you have to stay a performance-oriented, super-sports-car manufacturer without any doubt. So it’s a big cha