Ferrari plots first EV—for $500,000 or more

• Ferrari’s first EV due in late 2025
• Manufacturing to happen at new “e-building” plant
• Is probably not a conventional supercar

It was solely a decade in the past that Ferrari was vehemently against launching an electrical automobile, however the automaker identified for its loud gasoline engines has been engaged on one for a number of years and plans to disclose it in late 2025.

It’s anticipated be priced on the excessive finish of Ferrari’s pricing spectrum, with a supply revealing to Reuters that the beginning worth will likely be 500,000 euros (roughly $535,000).

That may make it dearer than the SF90 Stradale supercar and Purosangue SUV, that are Ferrari’s priciest non-limited-production fashions. It can additionally make it significantly dearer than the typical transaction worth for a Ferrari, which in keeping with Reuters was about 350,000 euros within the first quarter of 2024, together with choices.

If correct, it means Ferrari will not depend on sharp pricing to entice consumers to surrender the emotional sound of its gasoline engines. As an alternative it might offer advanced technology like axial-flux motors, in-wheel motors, and sound turbines.

Ferrari Purosangue

Ferrari hasn’t mentioned what type the automobile will take, and there are rumors it might be one thing nearer to the Purosangue than one of many automaker’s conventional supercar fashions. In accordance with Reuters’ supply, Ferrari has a second electrical automobile already in improvement, albeit nonetheless at an early stage.

Ferrari will construct its electrical vehicles at a brand new plant known as the “e-building” by CEO Benedetto Vigna. Situated adjoining to the present plant on the automaker’s Maranello headquarters, the brand new plant is anticipated to come back on-line this week, initially to construct some gasoline fashions along with electrical motors, inverters, and batteries for plug-in hybrid powertrains. Quantity manufacturing of EVs is not anticipated to begin on the website till early 2026.

Ferrari plant in Maranello, Italy

Much like its method with gasoline powertrains, Ferrari intends to develop its personal electrical motors, inverters, and batteries, aiming for industry-leading weight and energy density.

The automaker will work with companions in some areas, one among which is main battery supplier SK On. The 2 have already got a deal for the availability of batteries getting into Ferrari’s present plug-in hybrid fashions, and in March they introduced plans to discover new prospects within the space of battery cell expertise.