As the company presented its new business strategy, chairman John Elkann declared, “Everything we do will always focus on being authentically Ferrari.” The use of electricity “will enable us to design even more distinctive cars.”
Ferrari will employ suppliers for non-essential parts or software, like an operating system, to decrease costs, according to CEO Benedetto Vigna.
Like its competitors, Ferrari gives wealthy buyers an emotive experience centered on the throaty growl of its potent engines. Ferrari needs to make sure its high-net-worth clients and investors are on board as it transitions to electric.
The Italian automaker, whose vehicles start at about 210,000 euros ($219,282.00), may find it difficult to stand out in the crowd of EVs that are all expected to accelerate swiftly.
Meanwhile, Ferrari will present its first-ever sport utility vehicle in September, powered by its gas-guzzling signature 12-cylinder engine.
Ferrari will introduce its first electric model in 2025 as one of 15 new cars between 2023 and 2026, according to Vigna.
Ferrari projects that 5% of sales in 2025 will be made up of entirely electric vehicles, and 40% in 2030. Hybrid vehicle sales should increase from 20% in 2021 to 55% in 2025 before declining to 40% in 2030.
In a new assembly line at its facility in Maranello, Italy, Ferrari, according to Vigna, would build its own electric motors, inverters, and battery modules while outsourcing non-essential components.
Ferrari will not create an operating system for EVs in order to save money. Other automakers, like as Tesla (TSLA.O) and Mercedes (MBGn.DE), contend that proprietary operating systems are essential for running automobiles, controlling wireless upgrades, and gathering information on driver preferences and behaviors.
Vigna warned investors that he would be silly to create a Ferrari operating system. You must concentrate on the tasks for which you are best suited.
Ferrari is researching the next generation of high energy density solid state batteries with four partners in Europe and Asia.
By 2026, Ferrari estimates it will invest 4.4 billion euros while generating core earnings of 2.5–2.7 billion euros. The adjusted core earnings forecast for Ferrari for 2022 is 1.65-1.70 billion euros.
Between 2022 and 2026, the automaker anticipates cumulative free cash flow between 4.6 and 4.9 billion euros.
Ferrari’s financial projections, according to Kepler Cheuvreux analyst Thomas Besson, conveyed a “clear bullish signal,” but he highlighted that officials avoided discussing production quantities.
Besson penned, “But the direction is clear. “Electrification is necessary, but it won’t alter the company’s or its goods’ DNA.”
In This Article...
Exists a Ferrari electric vehicle?
In 2025, Ferrari will release its first entirely electric vehicle. However, roughly 25% of Ferrari’s investment in 2025 will go toward conventional combustion engines, while about 35% of all spending, up from 5% this year, would go toward fully electric cars.
How much does an electrified Ferrari cost?
In order to achieve carbon neutrality by 2030, Ferrari revealed details of its plan to introduce its first electric vehicle by 2025.
Benedetto Vigna, CEO of Ferrari, said at the company’s Capital Markets Day from its Maranello, Italy, headquarters on Thursday that the battery-electric supercar will serve as a benchmark for the company’s future electric vehicles.
By 2026, the Italian luxury automaker stated, hybrid and all-electric cars will account for 60% of its sales. By the end of the decade, it anticipates that percentage to reach 80%.
Ferrari currently offers four hybrid vehicles. 2019 saw the unveiling of the first nameplate, the 1,000-horsepower, $513,000 SF90 Stradale plug-in hybrid, which drew on the company’s background in Formula 1 racing.
Maranello will produce the electric motors and battery modules for its next EVs.
In its ultra-rarefied niche, Ferrari is among the last to introduce an EV. By the end of the decade, Bugatti, Bentley, Lamborghini, Rolls-Royce, Aston Martin, and McLaren intend to produce only electric vehicles.
Maintaining their brand’s distinctiveness while transitioning from a history of large combustion engines to battery packs is an issue that they all encounter. How will they entice consumers? No, range won’t be the case. Most ultra-luxury brands will most likely emphasize the EV’s greater acceleration and environmental prowess in their marketing messages.
According to Ferrari, its own electric vehicle will be distinctive for its size, sound, engine power density, and emotional impact. The 75-year-old company declared that it would continue to uphold its long-standing commitment to exclusivity.
Vigna stated on Thursday, “At Ferrari we always provide one car fewer than the market demands. I can guarantee that nothing will ever alter this.
Strategic agreements that grant access to technologies without adversely affecting Ferrari’s bottom line are how the firm intends to build its EVs. Low-volume automakers like Ferrari find it difficult to justify spending the $1 billion to $2 billion necessary to create a battery-electric model from scratch due to the difficult economics of manufacturing an EV.
Tens of billions of dollars are being invested by major automakers to strengthen their battery-electric portfolios, including Ford and Volkswagen. A number of EV manufacturers that went public by merging with SPACs but haven’t yet made any money are having trouble securing funding in the meantime.
After attempting to develop a commercial EV, Electric Last Mile Solutions revealed on Monday that the company is declaring bankruptcy. As a follow-up to its eagerly anticipated FF 91 sports vehicle, Faraday Future has also issued a warning that it does not currently have enough funds to manufacture the mass-market sedan.
Additionally, Ferrari said on Thursday that its V12-powered Purosangue, the company’s first SUV, will be unveiled in September. Early in the following year, the SUV is anticipated to hit the market, with a starting price of about $300,000.
Due to increased customer demand and large margins, profitability in the SUV market is all but guaranteed. The Lamborghini Urus SUV, the Purosangue’s main rival, quickly overtook it as the brand’s best-selling vehicle. 60% of the portfolio of Maserati, the Ferrari sibling brand owned by Stellantis, is made up of the company’s first-ever SUV.
Ferrari asserted that it would limit Purosangue sales to under 20% of overall sales.
What is the name of the electric Ferrari?
The SF90 Stradale is the first-ever Ferrari to use PHEV (Plug-in Hybrid Electric Vehicle) architecture, in which the internal combustion engine is combined with three independent electric motors, two of which are mounted on the front axle and the third at the rear between the engine and the transmission.
Exists a Lamborghini electric vehicle?
Winkelmann asserted that Lamborghini will continue to market its renowned V12 engines well into the year 2030. In that period, the company will unveil its first all-electric vehicle.
Bentley produces electric vehicles?
Regarding its first fully electric car, which will be available in 2025, Bentley has provided some fairly startling information. According to CEO Adrian Hallmark, the Bentley EV will be able to accelerate from 0 to 60 mph in as little as 1.5 seconds and will have up to 1,400 horsepower (1,044 kilowatts).
Hallmark stated that despite these performance specifications being more in line with a Bugatti than a Bentley, the EV’s 0-60 acceleration will not be its key selling point.
The CEO said in an interview with Automotive News that the new EV’s key feature is its “effortless overtaking performance from a vast amount of torque on demand,” rather than how harshly it accelerates.
He said that the 30-70 mph acceleration—or 30-150 mph in Germany—is what most people appreciate, thus Bentley’s first electric vehicle would excel in that range.
For those who find the fastest setting of the 0-60 time of 1.5 seconds too unpleasant, Hallmark added that consumers will also have the choice of a slower 0-60 acceleration in 2.7 seconds.
Will McLaren switch to all-electric cars?
In late 2020, McLaren CEO Mike Flewitt made it clear that his business had no interest in producing SUVs, citing the fact that the brand was still too young to have a meaningful impact on the sector. His belief was that McLaren needed to further solidify its position as a manufacturer of sports and supercars before transitioning to SUVs, but a recent rumor would strongly contradict that opinion.
According to Autocar, one is being created but won’t be available until about 2030. When it does make its appearance, it will be the only tall model offered by the manufacturer and a BEV-only vehicle. Even if McLaren is known for producing a number of frequently very different variants based on the same fundamental car, even if that is the case, expect a variety of power outputs and profiles.
Unnamed sources told the UK tabloid that this model will cost more than $420,000 (EUR402,000) and go by the name Aeron, not much else.
There isn’t much information available at this time, but McLaren is committed to electrification. The company produced the Extreme E electric off-roader (pictured), and it has also released a number of vehicles with electrified drivetrains, the most recent of which is the plug-in hybrid supercar Artura. The latter also sees the introduction of a hybrid-only platform that the producer will employ for all of its models until the 2030s; starting in 2026, all McLarens will be hybrids.
McLaren claims that while it could begin developing an electric-only vehicle at any time, it is delaying doing so in order to preserve the company’s distinctive features. In fact, since McLaren hasn’t disclosed intentions to make one of its standard models electric, it’s possible that this speculated electric SUV will be the company’s only EV moving ahead. Porsche has demonstrated that including an SUV in your inventory can significantly boost revenues, and other automakers have successfully followed their lead.
Exists an electric vehicle from Aston Martin?
By 2026, every model will be offered with an electrified engine, according to Aston, starting with the plug-in hybrid Valhalla in 2024. By 2025, Aston Martin intends to introduce its first electrified vehicle.
Is McLaren going completely electric?
McLaren, known for its Formula One racing and its production of numerous mid-engined, turbocharged wallop-chariots for the road, has a new SUV. Yep. an electric SUV.
However, this is not a zero-emission alternative to the Bentley Bentayga and the DBX from Aston Martin. Be at ease. McLaren is still a manufacturer of pure supercars. This is merely the McLaren Racing Extreme E competitor.
Excessive E? The male/female teams in this developing racing series for identical electric SUVs are led by drivers like Jensen Button, Nico Rosberg, and Lewis Hamilton.
By dragging through regions of the world that are already impacted by human activity, it is intended to draw attention to the planet’s crisis and inspire action on climate change.
Does Porsche produce electric vehicles?
Porsche provides plug-in hybrid and all-electric vehicles. An electric motor and a battery are installed in electric cars, sometimes referred to as BEVs (Battery Electric Vehicles). The 800 volt system voltage in the Porsche Taycan ensures high continuous power, saves charging time, and lightens weight.
Does Lexus produce electric vehicles?
And now, with our first-ever Plug-in Hybrid Electric Vehicle, the 2022 NX 450h+ AWD, we’re bringing you the next wave of electric performance. restricted accessibility. See your local Lexus dealer for more information.
Which models of Ferrari are hybrids?
The Ferrari 296 GTB is a key model in the Ferrari range thanks to its potent turbocharged V6 hybrid engine, which offers the most recent developments in Ferrari technology while still providing the distinctive driving experience only available in Ferrari cars.
Is the SF90 a hybrid vehicle?
The first PHEV from the Italian supercar manufacturer, known for its screaming internal combustion engines, is the SF90 mid-engined PHEV.
Does Rolls Royce plan to become electric?
Calling any automobile the most significant in a brand’s history after 100 years sounds overstated, but that isn’t the case with the impending Rolls-Royce Spectre. A race to complete electrification by the end of the decade will begin with the manufacturing of the Spectre, the brand’s first all-electric vehicle, as early as next year. Therefore, the Spectre will mark a turning moment in Rolls’ history and shift the company’s focus toward the future.
Along with the BMW i5 and electric Mini Countryman, the Rolls-Royce Spectre will go into production in 2019, according to a recent report from BMW on global sales for the first half of the year. The new Ghost, Phantom, and Cullinan will all be part of Rolls’ roster of new vehicles, but the Spectre marks the start of a new era for the company. It won’t just be the brand’s first totally electric vehicle; Rolls-Royce intends to produce purely electric vehicles starting in 2030.
Previously, the BMW Group declared that Mini would produce only entirely electric vehicles by 2030, but now Rolls-Royce has adopted the same objective. What kind of vehicles pursue the Spectre will be intriguing to observe. Will Rolls-Royce produce electric versions of its current models—a possibility given that their “Architecture of Luxury” platform shares similarities with that of the Spectre—or will it create entirely new EVs, like the Spectre?
The impending Spectre, according to Rolls-Royce, is essentially an all-electric Wraith replacement rather than a Wraith replacement. The Spectre will be a two-door, four-seat grand touring coupe, just like the Wraith. Even though they have similar shapes and overall profiles, the Spectre seems sportier and more aerodynamic. I adore EVs and the Rolls-Royce Wraith was my favorite to drive, so I’m really happy about the new EV Rolls-Royce Spectre and can’t wait to see where the company goes from here.