Summary
- Ferrari plans to have 60% of its lineup be hybrid vehicles.
- Ferrari is building an e-factory in Italy to manufacture electric motors, inverters, and batteries.
- The all-electric Ferrari GT, expected to have four electric motors and 1,000 horsepower, will debut in 2025.
Ferrari, the iconic Italian luxury sports car manufacturer, is preparing for a major transformation with the upcoming release of its first all-electric vehicle. According to Ferrari CEO Louis Camilleri, an all-electric Ferrari is in the works, but it won’t hit the roads until after 2025. While the full transition to electric models is still a few years away, Ferrari is committed to making progress towards electrification. The company intends to have 60% of its lineup consist of hybrid vehicles and is set to unveil its first-ever SUV soon. Ferrari is focusing on its hybridization efforts, including the recent release of the impressive 986-horsepower SF90 Stradale plug-in hybrid.
To realize its electrification vision, Ferrari is constructing an e-building in Maranello, Italy. This facility will produce electric motors, inverters, batteries, and assemble electric and hybrid vehicles. The e-building is expected to be completed by June 2024. Ferrari’s approach to electrification is strategic, as CEO Benedetto Vigna states that the transition will not impact the brand’s operating margins. With an operating profit margin of 26.9% in the first quarter of 2023, Ferrari aims to maintain its position in the industry while embracing cleaner and more sustainable technologies.
Ferrari is committed to an automotive future that combines tradition and innovation. The company has plans to introduce fifteen new models from 2022 to 2026, many of which will be fully or partially electric.
Ferrari Has Yet To Release An EV
Despite being an iconic luxury brand, Ferrari has not yet released an electric vehicle. The brand has mostly focused on plug-in hybrids, but they have hinted at the future release of electric vehicles that will utilize GT platforms while maintaining the speed and quality that Ferrari is known for. One challenge in this market is that many people desire the classic “racing” experience, which involves the sound and sensation of a gasoline-powered car.
Ferrari has confirmed a 2025 EV is on the way. However, details regarding its appearance, performance, and specifications are still unknown.
While an electric Ferrari would offer a quieter and smoother ride, it may not satisfy the desires of individuals who typically purchase a Ferrari. Nevertheless, the anticipation for a fully electric supercar from Ferrari is intense. The current estimate is that a fully electric GT model will be available by the end of 2025, although manufacturing challenges may delay its release until early 2026. Regardless, the introduction of an electric Ferrari will undoubtedly have a significant impact on the industry.
The Electric Ferrari GT Will Change The Industry Forever
- The upcoming electric Ferrari is rumored to have four electric motors.
- Ferrari’s GT electric vehicle is expected to be a two-door model according to patent filings.
- This new electric vehicle could have around 1,000 horsepower.
With the official confirmation of an all-electric GT hitting the global market in 2025, Ferrari is poised to achieve something extraordinary. Rumors suggest that the new electric Ferrari will boast 1,000 horsepower and feature four electric motors. It is expected to be a unique addition to the industry. While details are scarce, patent filings suggest that this electric car will be a two-door supercar rather than a four-door SUV. Ferrari is likely to take a bold approach with the release of this highly anticipated electric sports car, distancing itself from conventional expectations.
Ferrari Predicts That EVs Will Account For Five-Percent Of Its Global Sales By 2026
With the debut of their first electric supercar slated for 2025, Ferrari has already projected that electric vehicles will account for only around 5% of its global sales in that year. While this percentage may seem low, considering it accounts for the introduction of the brand’s first EV, it is a promising start. Furthermore, Ferrari has mentioned plans for 15 new electric cars by 2026, which should significantly increase the percentage of electric vehicle sales. Most automakers are aiming for 50% to 100% zero-emission vehicle sales by the middle of the decade, so Ferrari has some catching up to do.
Ferrari has been criticized for not releasing fully electric vehicles earlier, but they have made progress with their hybrid and plug-in hybrid offerings. Notable hybrid models from Ferrari include the LaFerrari, LaFerrari Aperta, SF90 Stradale, SF90 Spider, and the upcoming 296 GTB, which features a turbocharged V-6 engine paired with an electric motor. These models provide eco-friendly options while maintaining performance capabilities.
Ferrari’s current hybrid lineup:
- Ferrari LaFerrari
- Ferrari LaFerrari Aperta
- Ferrari SF90 Stradale
- Ferrari SF90 Spider
- Ferrari 296 GTB
This demonstrates Ferrari’s commitment to embracing greener technologies. For a half-million-dollar electric vehicle, customers expect top-of-the-line features that justify the price tag.
The Road To The Electric Ferrari Has Been A Long One
Since the early 2010s, car manufacturers have been transitioning from traditional gasoline engines to high-power batteries. As the climate changes and people become more conscious of their impact on the planet, the electric vehicle market has been thriving. However, luxury brands like Ferrari have a longstanding reputation for speed, sexiness, and power, which may not align with experimenting with electric technology. Many critics have chastised Ferrari for being slow to embrace EVs, but any progress should be appreciated.
Currently, hybrids and plug-in hybrids serve as the intermediary option for drivers who want an electric vehicle but still rely on gasoline for regular driving. Ferrari has received positive feedback for its hybrid models. It’s worth noting that range, charge time, and safety have always been critical concerns for electric cars. Ferrari’s hybrids have demonstrated strong performance without sacrificing these crucial factors.
While Ferrari has taken some time to introduce a groundbreaking electric vehicle, it is evident that they are determined to go greener. This transition signifies a new era for Ferrari and sportscars as a whole.