MILAN (AP) – Italian luxury sports car maker Ferrari on Thursday unveiled an electrification strategy calling for 40% full-electric vehicles and 40% hybrid models by 2030.
CEO Benedetto Vigna has confirmed that the first electric car will be unveiled in 2025 and will deliver the first deliveries next year.
Now, only four Ferrari models or only 20% of the range are hybrid cars. Launched in 2013 using a Formula 1 technology, the limited edition La Ferrari is its first hybrid model.
Vigna, a former technology entrepreneur who joined Ferrari as CEO nine months ago, said the electrification strategy was “highly relevant”.
“This is not only required by emission regulations, in particular, we believe we can use the electric engine to improve the performance of our cars, as we have already done with our hybrid Ferrari,” he said at an analyst show.
As Ferrari expands its model range, the car company based in the northern Italian city of Maranello will unveil the long-awaited Prosangu utility vehicle in September. Having an Italian name for Thoroughbred, PuroSangue does not represent more than 20% of the vehicles produced in its cycle.
In total, Ferrari plans to release 15 new models from 2023 to 2026, including a new high-performance supercar.