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- Lamborghini plans to make its first fully electric car after 2025.
- The Volkswagen-owned brand said it would invest $1.8 billion on a hybrid-energy transition by the end of 2024.
- New hybrid models could reduce carbon emissions by 50% from early 2025, the company's CEO said.
- See more stories on Insider's business page.
Lamborghini has announced plans to make a fully electric car after 2025.
The luxury carmaker also said it would start making hybrid versions of all of its vehicles, including the Huracan, Aventador, and Urus SUV, before transitioning to full EVs by the end of the decade.
The Italian company, owned by Volkswagen Group, is investing more than €1.5 billion ($1.83 billion) in a "hybrid transition" over four years, the largest investment in its history, it said in a statement on its website.
"Lamborghini's electrification plan is a newly-plotted course, necessary in the context of a radically changing world," CEO Stephan Winkelmann said in a statement. "We want to make our contribution by continuing to reduce environmental impact through concrete projects."
The company hopes the plug-in hybrid versions of its Huracan, Aventador, and Urus SUV models will halve emissions from the start of 2025, Winkelmann said in an interview with Bloomberg.
In March, VW announced its ambitious plan to rival Tesla and become the world's biggest electric-car manufacturer. The German automaker said it plans to build six "gigafactories", or battery-production plants, in Europe by 2030.
VW also said it will invest €400 million, or $488 million, to increase the number of fast-charging points on the continent five-fold by 2025.
Bentley, also owned by VW group, announced plans last year to produce hybrid cars by 2026, and transition to a fully electric lineup by 2030.