Lamborghini to spend 1.8 Billion Dollars to develop electric vehicles

According to Forbes, 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.

By 2024, each of Lamborghini’s models, from the Aventador to the best-selling Urus Super SUV, will be offered as a plug-in hybrid vehicle. And by the end of the decade, Lamborghini expects to release its first fully electric luxury automobile, coinciding with the EU’s mandate to reduce carbon emissions across the bloc by at least 55% by 2030, versus 1990 levels.

The $1.8 billion investment will be the largest outlay in the Lamborghini’s history, the company said. Tap the link in bio to learn more.

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