Lamborghini hopes to keep ICE vehicles alive beyond 2030
Lamborghini plans to continue building internal combustion engines (ICE) well beyond 2030. The automaker’s CEO, Stephan Winkelmann, told the German newspaper Welt am Sonntag: “After hybridisation, we will wait and see whether it will be possible to offer internal combustion engine vehicles beyond 2030. One possibility would be to use synthetic fuels to keep internal combustion engine vehicles alive.”
Sustainability at Volkswagen
The company, which belongs to Volkswagen, had previously spoken about its sustainable goals. The group plans to launch around 30 pure electric vehicles on the market to ensure affordable, zero-emission vehicles. The car manufacturer consists of 12 brands and is present in 153 countries.
They have expressed their desire to reduce CO2 emissions while producing efficient vehicles that meet customer demands and generate healthy profits. The company has committed to implementing hybrid technology in all of its vehicles by 2024 and is preparing to introduce all-electric vehicles by 2028.
Winkelmann didn’t go into detail about how he intends to implement his vision, but some of the Volkswagen Group‘s brands have been experimenting with different fuels. In 2020 he had hinted at this when he mentioned that he would like to keep the combustion engine for as long as possible.
The Porsche connection to synthetic fuel
Porsche, one of its brands, is currently working with many other international companies to develop synthetic, climate-neutral fuels, also known as eFuels.
The iconic automaker has always grabbed the headlines for its bold choices and superior design.
The Porsche boss explained last December: “eFuels can be used in combustion engines and plug-in hybrids and use the existing filling station network. By using them, we can make a further contribution to climate protection. As a manufacturer of powerful and efficient engines, we have extensive technical know-how. We know exactly which fuel properties our engines need in order to work in a climate-friendly manner. Our participation in the world’s first commercial, integrated eFuels facility supports the development of alternative fuels for the future.”
Currently, these world-class companies are working together to develop a synthetic fuel that combines green hydrogen with carbon dioxide to form methanol, which can be turned into gasoline. Porsche’s interest is also fueled by the fact that 70% of the cars ever made are still on the road.
However, as the world moves towards cleaner fuels and aims to eliminate the carbon footprint, many countries have enacted laws to discourage manufacturers from producing internal combustion engines. Legislation has also been passed that will phase out the sale of new internal combustion engines over the next 10 to 15 years as automakers look to power their cars with electricity.
The electric vehicle (EV) star has continued to rise in recent years. Fueled by Tesla’s meteoric rise, EV stocks have sparked high demand in the market. Though most aren’t producing a vehicle yet, investors believe it’s smart to put your money into electric vehicles.
Rivian and Lucid Motors have started selling their first electric vehicles and managed to land large orders from companies like Amazon.
Laws are being enacted around the world to encourage the production of electric vehicles, while traditional internal combustion engine vehicles are taxed more heavily. Additionally, nearly 6.5 million electric vehicles were sold worldwide in 2021, a 109% growth compared to 2020. Tesla led the field with a 14% share of the electric vehicle market.
In a surprising turn of events, the Volkswagen Group continues to be the leading EV manufacturer, having sold several models under different brands.
Recently, Lamborghini has been in the news for its entry into the world of NFTs. The artwork featured bits of carbon from a project sent to the moon and included a shot of a deconstructed car.