Not too long ago, Lotus committed to an all-electric future. The plan was ambitious, but in hindsight, maybe a touch premature. Like several other automakers, it’s now reevaluating that timeline.

Less than five months after opening Eletre orders in North America, Lotus has debuted a new variant of the hyper-SUV called the Eletre Carbon. This carbon fiber-clad luxury spin on an already premium ...