---
title: "Lotus Developing $2.6 Million Electric Hypercar, Concept Coming in 2019: Report"
description: "Lotus is allegedly brewing up one hell of a halo car thanks to a potential influx of cash from its new owner Geely."
date: "2018-12-07"
modified: "2018-12-07"
authors:
  - name: "James Gilboy"
    job_title: "Contributing Writer"
    link: "https://www.thedrive.com/authors/james-gilboy"
url: "https://www.thedrive.com/news/25348/lotus-developing-2-6-million-electric-hypercar-concept-coming-in-2019-report"
categories:
  - "News"
tags:
  - "concept car"
  - "Electric Vehicle"
  - "Geely"
  - "Halo Car"
  - "Hypercars"
  - "Lotus"
  - "omega"
  - "Supercars"
---

# Lotus Developing $2.6 Million Electric Hypercar, Concept Coming in 2019: Report

![](<https://www.thedrive.com/wp-content/uploads/images-by-url-td/content/2018/05/gettyimages-847808002-e1525793476700.jpg>)
*\<em\>www.thedrive.com\</em\>*

Lotus is reportedly readying a technologically advanced halo car to reestablish itself as a globally-admired premium automaker.

The car is being developed under the name "Omega" at Lotus' British headquarters in Norfolk according to [*Autocar*](<https://www.autocar.co.uk/car-news/new-cars/lotus-plans-£2m-electric-hypercar>), which says that the model's concept is scheduled for reveal sometime in 2019, and claims the production car will come in the early 2020s. Power will reportedly be electric-only, and price an order of magnitude higher than that of any previous Lotus, at over £2 million ($2.6 million USD). Lotus reportedly plans the Omega to be a superlative among its offering of sports cars: the fastest, most expensive, and most limited.

Under the Chinese stewardship of Geely, which also owns Volvo and its premium subsidiary Polestar, Lotus is said to be the subject of a [possible $1.9 billion overhaul](<https://www.thedrive.com/news/22759/geely-reportedly-considering-1-9-billion-lotus-makeover>) in the near future. New models for the small-volume British automaker are on the way, including a crossover expected in 2022, and [at least two sports cars starting in 2020](<https://www.thedrive.com/news/20706/lotus-to-jump-into-lions-den-by-launching-a-new-supercar-in-2020>). One of said sports cars was confirmed by former Lotus CEO Jean-Marc Gales, who only identified the vehicle as an evolution of the Evora, speculatively pegged as a competitor for entry-level supercars like the McLaren 570S, Nissan GT-R, and Porsche 911 Turbo.

If Lotus is indeed brewing a bruiser of an electric hypercar, we probably won't have to wait for either glossy episodes of *Top Gear* or lengthy YouTube vlogs to see the car in action. Lotus' majority stakeholder Geely [bought out Utah Motorsports Campus](<https://www.thedrive.com/accelerator/24712/geely-owners-of-volvo-and-lotus-have-purchases-utah-motorsports-campus>) in early November, so watch out for spy videos of the Omega that hail from Mormon country.

## Author
James is a former staff writer for The Drive. He has changed the conversation around electrification, debunked misinformation online, and become a prominent hunter of what he calls "automotive cryptids."

### Author social links  
[Instagram](<https://instagram.com/jamesgilboy>)