While Ferrari has unveiled some impressive hybrids, the company’s new fully electric supercar will revolutionize the industry in fundamental ways.
As it prepares to release its first all-electric vehicle, Ferrari, the legendary Italian luxury sports car manufacturer, is undergoing a dramatic change. A fully electric Ferrari is in the works, says Ferrari CEO Louis Camilleri, but we won’t see it until sometime after 2025. Ferrari is dedicated to progressing toward electrification, even though the switch to a fully electric model is still a few years away. With the introduction of its first-ever sport utility vehicle, the company plans to have its lineup consist of 60 percent hybrid vehicles. The remarkable 986-horsepower SF90 Stradale plug-in hybrid was just released as part of the company’s ongoing hybridization efforts.
Ferrari’s e-building in Maranello, Italy, will produce electric motors, inverters, and batteries and assemble electric and hybrid vehicles, bringing the company one step closer to realizing its vision of a world powered entirely by electricity. By June of 2024, the new building should be ready for use. Ferrari’s CEO Benedetto Vigna claims that the switch to electric vehicles will have no effect on Ferrari’s profit margins, suggesting that the company is taking a calculated approach to electrification. The first quarter of 2023 saw Ferrari’s operating profit margin soar to 26.9 percent as the company made strides toward a more sustainable future.
Ferrari is dedicated to adapting to the changing times in the auto industry by offering vehicles that successfully blend classic design with cutting-edge technology. The plan is well under way, as the company has already announced plans to release fifteen new models between 2022 and 2026, many of which will be fully or partially electric.
Ferrari, the Italian sports car manufacturer, has yet to introduce an electric vehicle despite its legendary status. Of course, the company has undergone radical shifts in the way it produces automobiles, with plug-in hybrids now representing the norm. Ferrari, which is known for its incredible speed and quality, has mentioned that it is working on new electric vehicles that will use GT platforms. The fact that most buyers in this market want their vehicle to produce exhaust fumes and engine noise in order to simulate the traditional “racing” experience presents a challenge.
A quieter and smoother ride is possible with an EV, but it won’t satisfy the typical Ferrari buyer’s appetite. A pure electric supercar from Ferrari is on the way in the next few years, which is fantastic news. A fully electric GT is expected to hit the market by the end of 2025, but given the challenges inherent in producing a first EV, this date is likely to be pushed back to the first or second quarter of 2026. However, the idea of an all-electric sports car on par with Ferrari is revolutionary.