Lamborghini Pulls the Plug on Luxury EVs as CEO Says Demand Is 'Almost Zero'

Lamborghini has become the latest luxury automaker to abandon plans for a fully electric vehicle, with CEO Stephan Winkelmann declaring that demand for high-end full-electric cars is 'almost zero.' The retreat raises questions about whether Ferrari's upcoming Luce EV will be dead on arrival, and signals a broader market reality check for the electric vehicle industry at the premium end — even as mass-market EV adoption continues to accelerate.