SANTAGATA BOLOGNIS, Italy (Reuters) - Italy's Lamborghini will always make cars in Italy as it plans to launch its first electric model only in 2029 amid a luxury sports car market that is not ready for full electrification, the CEO said. Stephen Winkleman said. on Monday.

Lamborghini, a unit of Volkswagen (ETR: ), previously said its first EV is due in 2028. Italian rival Ferrari (NYSE: ) will launch its first EV model in the first quarter of next year.

"We don't think it's too late for an electric car to arrive in 2029. We don't think, on our part, the market will be ready in 2025 or 2026," Winkelmann told reporters at Lamborghini's headquarters in Sant'Agata Bolognese, near the north. said to The Italian city of Bologna.

Starting this year Lamborghini has a full hybrid three-model line-up, including new versions of the Urus SE SUV, the Revuelto sports car and the new Temerario sports car, introduced in the summer and priced at €300,000. is over ($315,000). ), excluding value-added tax.

Winkelmann said Lamborghini was in no rush to push for electrification. The company is also awaiting a clear regulatory outlook in the European Union, as a review of the bloc's ban on sales of new internal combustion engine cars from 2035 is currently scheduled for 2026.

"We think this is the right way to face the future," he said. "There are discussions around synthetic fuel and that is an opportunity for our type of cars".

Winkelmann, who reiterated that there are no plans for a Lamborghini spin-off from the Volkswagen group, said Lamborghini cars will always be produced in Italy.

Asked if he saw any business impact after the election of Donald Trump as the next US president and threats of new tariffs on European products, Winkelmann declined to comment but said: "We Italy Can't think of making a Lamborghini out of or Saint Agatha's"

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