Lamborghini has canceled plans to launch its first fully electric vehicle, saying demand from wealthy buyers is almost nonexistent.

Chief Executive Stephan Winkelmann said the market for high-end electric supercars is "close to zero," leading the brand to shelve its all-electric Lanzador project.

In an interview with The Sunday Times, Winkelmann explained that the company studied customer feedback, dealer input, and global data for more than a year before making the decision.

The Lanzador, first revealed in 2023 as a powerful "Ultra GT," had been expected later this decade with a price near $300,000. That........

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