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- Ferrari’s first EV was years in the making.
- Ferrari is no stranger to hybrid and plug-in hybrid technology.
- The success of the first fully electric model is important for Ferrari’s future production strategy.
Ferrari, one of the most iconic sports car manufacturers of all time, is working on developing electric cars. Based on current policy settings, global light electric vehicle sales are expected to reach 40% in 2030, according to a report from the International Energy Agency. Ferrari is one of many car manufacturers looking to further electrify their portfolio.
Prancing Horse is a brand known for its large engines that produce a lot of power. What does the Italian automaker have planned for EVs, and will they be able to excite car enthusiasts like the brand’s gasoline models?
What is Ferrari’s first electric car?
Ferrari’s first electric car is the upcoming Ferrari Elettrica (meaning “Ferrari Electric” in Italian). Ferrari has not officially announced the name of its latest EV, but Reuters reported on April 16 that executives are calling the exciting new model the Elettrica.
Prancing Horse Chairman John Elkann briefly discussed electric vehicles at the company’s second-quarter shareholder meeting. CEO Benedetto Viña said that unlike some releases, Ferrari electric cars will be presented in three stages. This will help car enthusiasts understand how Ferrari powers vehicles born from such a storied engineering tradition without the use of an internal combustion engine.
A full presentation of the new electric vehicle is scheduled for spring 2026, with deliveries expected to begin in October 2026, according to Reuters.
Ferrari is no stranger to electric powertrains
Ferrari may not have a fully electric car as part of its portfolio yet, but electric powertrain setups are nothing new. The automaker also produces several hybrid and plug-in hybrid models. The Italian luxury sports car maker said it was “one of the first car manufacturers to realize that there are other advantages to using both a gasoline engine and an electric motor.” Ferrari’s first hybrid was the 2013 LaFerrari.
A hybrid or HEVS (hybrid electric vehicle) uses a battery and a motor to allow a gas engine to generate electricity without burning fuel for electricity. Toyota’s Prius is a great example of a popular HEV. Plug-in hybrids or PHEVS (plug-in hybrid electric vehicles) are similar to hybrids, but have an electric-only range and can be charged at a charging station. The Toyota RAV4 Prime is a notable PHEV example.
The main difference is that HEVs rely on stored energy generated by the vehicle, while PHEVs rely on a charger, making them more similar to battery electric vehicles (BEVS), which are common all-electric vehicles like the Tesla Model Y. Therefore, Ferrari doesn’t need to reinvent the wheel for a modern EV since it already produces PHEVs.
What is the story behind Ferrari?
Ferrari was founded by Enzo Ferrari, a test driver for Alfa Romeo and a car enthusiast with a passion for racing. Ferrari introduced its first road car (non-track vehicle) in 1947, the Ferrari 125 S. It was powered by a powerful 12-cylinder engine. According to the Petersen Automotive Museum, the brand made its name in the luxury sports car market in the 50s and 60s.
Today, Ferrari is internationally recognized for building some of the most thrilling sports cars the world has ever seen. Even back in 1947, the Italian automaker used big V12 engines to power its vehicles, so how will Ferrari fare in the EV space?
