• February 23, 2024

Ferrari Moves Forward with Plans for All-Electric Car

Ferrari EV advanced through 2025

From the Justluxe content partner CarExpert

Is hell freezing right now? It seems like Ferrari will definitely build an all-electric car and it will be unveiled in 2025.

John Elkann, Ferrari’s interim CEO, confirmed the plan in Prancing Horse’s recently released annual report.

Former CEO Louis Camilleri said Ferrari will not launch an electric car until after 2025 in 2019, largely due to problems with range and charging times. These concerns have either been allayed or tossed aside.

Ferrari’s first all-electric model will no doubt create a stir among enthusiasts who crave the sound and emotion of a traditional V8 or V12 engine.

It’s not clear what the first electric Ferrari will look like, but there is evidence that it is more of a performance model than something more practical.

“You can be sure that this is everything you dream of, what Maranello engineers and designers can imagine for such a milestone in our history,” wrote Elkann in this year’s report, hoping that the Ferrari EV in the hypercar Will be great.

The EV will be a central part of Ferrari’s “highly disciplined” electrification strategy, which began with motorsport-style hybrid systems to improve performance and reduce CO2 emissions and recently moved to the plug-in hybrid SF90 range.

There will be a number of dramatic changes in Ferrari’s lineup over the next few years, the most obvious of which will be the Purosangue. It will be the automaker’s first crossover and its first production vehicle with more than two passenger doors.

While this break with its sporting roots will be difficult for fans to swallow, Porsche and Lamborghini have proven that such vehicles cannot spoil the shine of a performance brand too much and boost profits.

Elsewhere in its annual report, Ferrari said it sold 9119 cars in 2020, a decrease of around 10 percent from 2019. The Maranello company made a good profit of 534 million euros. While this is a sharp 23.5 percent decrease from 2019, much of it is due to tax and accounting changes in Italy.

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