Driving electric vehicle adoption

First Fully Electric Ferrari Coming Soon

Ferrari is preparing to make a significant leap into the all-electric future of automotive technology with the launch of its first fully electric sports car. This groundbreaking vehicle marks a historic milestone for the brand, known for its iconic gas-powered supercars. Ferrari is one of the last automakers to produce an all-electric model.

However, this innovation comes with a substantial price tag, as the first Ferrari electric vehicle (EV) sports car is set to cost over $500,000. Enthusiasts and collectors eagerly anticipate this model, which promises to deliver Ferrari’s trademark performance and luxury, now powered by cutting-edge electric technology.

(Image: Ferrari 296 GTB, Courtesy Ferrari)

CEO Benedetto Vigna has confirmed that Ferrari will unveil its first electric sports car by the end of this year. This eagerly awaited announcement follows a significant breakthrough late last year, positioning Ferrari ahead of schedule.

The upcoming EV sports car is set to launch in the fourth quarter of 2025, a milestone that has sparked considerable excitement among industry experts and consumers alike. This development highlights Ferrari’s unwavering commitment to innovation and sustainability.

Blending Ferrariā€™s legendary performance heritage with cutting-edge electric technology, the new EV is expected to set new standards in the electric vehicle market. As Ferrari steps boldly into the future, this groundbreaking model promises to usher in a new era of high-performance, eco-friendly driving.

(Image: Ferrari 296 GTS, Courtesy Ferrari)

Ferrari announced the upcoming opening of a state-of-the-art manufacturing plant in Maranello, Italy, dedicated to producing their innovative electric vehicle models. According to sources familiar with the project, the new facility will not only focus on electric vehicles but will also produce a range of other Ferrari models, including gas-powered internal combustion engine (ICE) and hybrid vehicles.

Ferrari is set to significantly boost its production capabilities, as sources reveal plans to increase output from less than 14,000 vehicles last year to an anticipated 20,000.

In this ambitious expansion, the factory will now manufacture electric motors, inverters, and batteries for the next generation of EVs and hybrids. Dedicated assembly lines for these cutting-edge components will ensure precision and efficiency, further solidifying Ferrari’s position at the forefront of automotive innovation.

Last year, Ferrari embarked on a groundbreaking journey towards electrification with the launch of its first series production plug-in hybrid (PHEV), the SF90 Stradale. This remarkable vehicle signifies Ferrari’s commitment to integrating cutting-edge electric technology with the unparalleled performance and luxury that defines the brand.

(Image: Ferrari Purosangue, Courtesy Ferrari)

As part of its ambitious strategy, Ferrari aims to have 60% of its sales comprised of electric vehicles (EVs) or hybrids by 2026. Setting a new standard for luxury EVs, the first electric Ferrari will be priced at over $500,000, significantly higher than the average luxury EV price of around $375,000.

A second EV model is also under development, a source told Reuters, saying that the process was at an early stage. The source also said that the company might not want to increase overall production to 20,000 vehicles per year, at least in the short term.

CEO Benedetto Vigna said: the “state of the art plant will assure us of flexibility and technical capacity in excess of our needs for years to come”.

(Image: Original Ferrari factory entrance, Courtesy Ferarri)

Ferrari’s Long History of Automotive Excellence

Ferrari S.p.A. is a premier Italian luxury sports car manufacturer based in Maranello, renowned for its high-performance vehicles and iconic brand. Founded by Enzo Ferrari, the company has a storied history of innovation and excellence, making it a leader in the automotive industry.

The company crafted its first masterpiece in 1940 and proudly adopted the Ferrari name in 1945. Since producing its first road cars in 1947, Ferrari has been synonymous with unparalleled performance, impeccable design, and cutting-edge technology. This legacy of excellence propelled the company into the public eye in 1960, marking a new era of growth and innovation.

For over five decades, from 1963 to 2014, Ferrari thrived as a subsidiary of Fiat S.p.A., before embarking on a new chapter as an independent entity following its spin-off from Fiat Chrysler Automobiles in 2016.

Today, Ferrari remains dedicated to pushing the boundaries of automotive excellence, continuously setting new standards in the industry.