Italy's Lamborghini plans to launch its first electric model in 2029 as the time is not ripe for full electrification in the sports car market segment, CEO Stephan Winkelmann said on Monday.

Delaying the series-production Lanzador from 2028 to 2029 may not seem like a big deal, yet this may be the first of many delays

Lamborghini’s highly anticipated Lanzador EV has hit a year-long delay, adding uncertainty to its electric debut.

The brand originally said that the Lanzador was slated for 2028, but has decided to wait one more year when the market "will be ready"

Lamborghini is holding off on its first electric vehicle until 2029, confident that this timing is not too late. The automaker believes its luxury segment will not welcome a full EV much earlier, instead turning

Lamborghini has confirmed that its first all-electric vehicle will arrive in 2029.The brand's first all-electric model, the Lanzador crossover was originally expected to debut in 2028.According to CEO Stephan Winkelmann,

SANT’AGATA BOLOGNESE, Italy>> Italy’s Lamborghini will always make cars in Italy as it plans to launch its first electric model only in 2029, amid a market for luxury sports cars that is not ripe for full electrification,

The Italian carmaker believes the market is not ready for the brand's fully electric luxury car. View on euronews