Italian luxury car manufacturer Pagani has announced that it currently has no plans to launch an all-electric performance car in the near future. Despite initial research into electric vehicles (EVs) dating back to 2018, the company cites the current weight of battery packs and their limited suitability for racetracks as significant obstacles.
Founder Horacio Pagani and his son Christopher recently attended the Asia-Pacific launch of the Pagani Utopia in Hong Kong. Christopher emphasized the need for lighter batteries and improved charging times before Pagani considers entering the EV market, noting that the current state of EV technology compromises the driving experience.
In a recent interview with Bloomberg, Horacio Pagani acknowledged the advancements made by Chinese carmakers in the EV sector. He highlighted the competitive pricing of Chinese EVs compared to European brands, suggesting that European manufacturers need to invest effort to remain competitive in the evolving market. Pagani recognizes the opportunities for Chinese brands in the EV segment and commends their success in terms of product offerings and pricing.
Despite the industry's progress in EV technology, Pagani owners are likely to appreciate the company's decision not to follow the trend of many other car brands, at least in the immediate future. The Pagani Utopia, following the legacy of its predecessor, the Huayra, maintains a traditional approach with a 6.0-liter twin-turbocharged V12 engine sourced from Mercedes-AMG, delivering 852 horsepower.