The EV, Ferrari’s first completely electric car, is eagerly awaited and is set to launch in late 2025. The CEO, Benedetto Vigna, showed his enthusiasm for the vehicle, noting that he is pleased with the outcomes. The firm is dedicated to its heritage and is enthusiastic about technology. Ferrari’s portfolio already includes hybrids, which account for 43% of second-quarter deliveries. This shows that Ferrari may have overestimated the proportion of its sales that will be electrified by the end of the decade.
Hybrids are expected to account for around 55% of the company’s mix in 2026. While the move to electric vehicles is considered as a game changer for the industry, Ferrari and small volume rivals qualify for exemptions from higher emissions regulations in major areas such as Europe. The EU is also developing legislation to enable the use of e-fuels in order to prevent combustion engines from becoming extinct. However, manufacturers are beginning to face pressure from wealthy customers who want a supercar without increasing their carbon impact. Ferrari chose a key source for battery cells, which Vigna would not name. EVs go through a thorough development process, beginning with test mules and proceeding to refined prototypes. Ferrari is constructing a new hybrid and electric supercar facility in Maranello, Italy, with a completion date of June 2024.
