On Tuesday, Supercar maker the Gordon Murray Group said on Tuesday it plans a $420 million expansion over the next five years, which includes developing electric SUVs and delivery vehicles for automakers as it shifts towards an all-electric supercar by 2030.
“Electric is what we’ve been missing and that’s where the future is,” founder and chairman Gordon Murray, the Formula One design great who oversaw one of the sport’s most successful cars to date, told Reuters.
The company will produce its first supercar, the T50, with a powerful V12 engine, in 2022.
The carmaker will make 100 of them next year, selling for around 2.4 million pounds each. They are already sold out.
The company will launch one more fossil-fuel supercar after the T50, followed by a hybrid model around 2026 and then a fully electric supercar in 2029 or 2030.