In recent years it seemed like the only new products from Lotus were , but next year we can apparently expect something much more exciting. According to Autocar, Lotus and parent company Geely will launch an all-electric hypercar "early in the next decade."
Autocar offers up few details, but says a concept of the new model -- apparently codenamed Omega -- will be revealed in 2019. Development work is reportedly already underway, with the Lotus electric car set to use an in-house-developed powertrain. The price of the car could be as high as £2 million, or about $2.6 million.
With that kind of pricing, the Lotus EV would look to compete with traditional hypercars from manufacturers such as Ferrari and McLaren. Perhaps its closest competition, however, would be the , an all-electric supercar that set a Nürburgring lap time of just 7 minutes, 5 seconds.
Geely, which Volvo, has been rumored to to reinvent Lotus over the coming years. While today Lotus' three road cars are quite old -- the Elise, the Exige and the Evora -- the company has ambitious plans for the future. Former Lotus CEO Jean-Marc Gales said in early 2018 that the company would launch over the coming four years.and also owns Swedish automaker