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    Home»Technology»Lamborghini is the Latest Automaker to Pull the Plug on Luxury EVs
    Technology

    Lamborghini is the Latest Automaker to Pull the Plug on Luxury EVs

    Editor Times FeaturedBy Editor Times FeaturedFebruary 23, 2026No Comments3 Mins Read
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    I ask if Winkelmann can clarify why luxurious EVs are failing so badly when lower cost factors within the sector are doing so effectively. “Initially, there is no such thing as a want to purchase a automobile like Lamborghini. Then, for positive, there may be the expertise with electrical vehicles on buy value, resale worth, and residual worth, and in addition when it comes to know-how.”

    Right here Winkelmann is referring to the eye-watering drops in value some high-end EVs are experiencing, with manufacturers like Porsche shedding as much as half the automobile’s worth in only a yr. In the meantime, different marques had lux EVs that misplaced greater than $600 every day.

    “Then there may be the truth that know-how, within the eyes of our prospects, goes to be out of date in 10 years from now,” says Winkelmann, “as a result of there’s loads of new tech. That is the concept of the vast majority of our prospects, and the expertise they’ve had with electrical vehicles, even in numerous segments, and charging instances.”

    Winkelmann says he doesn’t know if fast-charging and high-capacity solid-state battery know-how will probably be developed in time for the model’s new deadline of 2029, nonetheless.

    The announcement is one other reminder that Ferrari, already irrevocably dedicated to launching its first full EV, the Luce, later this yr, is one more luxurious automaker that has chosen (or been pressured) to dramatically reduce its EV plans. Lamborghini’s addition to the ranks of high-end marques pulling the plug on full EVs doubtlessly would not bode effectively for the Luce.

    Nonetheless, Daniele Ministeri, senior guide at automotive analysts JATO, says that this needn’t spell catastrophe for the Italian model’s first electrical automobile. “Ferrari has already confronted criticism prior to now for sure product choices, most notably for introducing a SUV, the Purosangue,” he says. “Nonetheless, two years after its launch, the Purosangue has confirmed to be a business and model success, shortly turning into one in every of Ferrari’s greatest‑promoting fashions. Whether or not the brand new Luce will generate the identical degree of enthusiasm stays tough to foretell. Nonetheless, Ferrari has efficiently drawn robust consideration to the mission.”

    Winkelmann says Lamborghini’s determination to delay full electrification has nothing to do with Ferrari’s or some other competitor model’s backpedaling. “We all know what our neighbors are doing. However we’ve got our personal technique, and it is good to have a comparability—however we must be answerable for what we do. That is the appropriate determination for us.”

    Munoz says that though Europe shouldn’t be the most important marketplace for EVs, it’s nonetheless the second after China, which supplies an concept of how tough it has been for these vehicles to achieve traction. “When it’s about supercars, the transition is much more tough,” he says, “as a result of they’re often related to huge petrol engines with a loud sound. Ferrari’s upcoming EV will face robust instances to compete in opposition to its personal ICE siblings. What Ferrari can’t do is to repeat the errors of Porsche with the Taycan. It began very stable, however quickly it misplaced attraction to the opposite ICE fashions of the model.”



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