May 18 (UPI) -- A fully electric Lamborghini? The Italian supercar company said Tuesday it's coming in less than a decade.
The automaker said it's beginning a multiyear development process that aims to have an EV Lamborghini on the road by 2030.
The company, which is owned by Volkswagen, said the development plan is called Direzione Cor Tauri -- Latin for "heart of the bull" -- and it will lead the luxury and racing icon into a new "decarbonization" era that will ultimately include a lineup of EV Lamborghinis.
The plan includes three phases. The first, over this year and next, focuses on a celebration of the internal combustion engine. The second, set to begin by the end of 2024, transitions to hybrid models. The final phase, in the second half of the 2020s, will produce Lamborghini's first fully electric vehicle.
"Lamborghini's electrification plan is a change of course that was made necessary by a radically changed context, in which we want to give our contribution by continuing to reduce environmental impact with tangible projects," Automobili Lamborghini CEO Stephan Winkelmann said in a statement.
The automaker said its focus will be identifying products and technologies that will "guarantee top performance and top driving dynamics" that remain "true to Lamborghini's genuine tradition."
Another top goal, Lamborghini said, is to cut carbon emissions from its vehicles in half by 2025.
Lamborghini is the latest auto brand to expand into EVs. Ford unveiled its electric Mustang last year and General Motors is working on its EV Hummer. Ferrari, one of Lamborghini's chief rivals, is expected to introduce its first EV within four years.