Following the success of hybrid sport cars from Ferrari such as the SF90 Stradale, the company had been making moves to produce its first fully electric vehicle.

Despite not having any all electric vehicles in its line up, Ferrari had a company record of 11,155 vehicles sold in 2021. However, none of them can reach the heights achieved by their electric competitors in terms of acceleration and power such as the Bugatti-Rimac Nevera with sprint speeds of 0-100km in 1.85 seconds. 

In order to remain competitive, Ferrari js expanding its Maranello plant in Italy. This expansion includes a third production line specifically for electrified vehicles and a battery R&D facility. More details will be released in June 16th during a capital markets day. Benedetto Vigna, Ferrari’s new CEO will present the strategy and lay out the company’s plans for the next four years. 

Vigna, who was appointed last year, saw the company transition away from 12-cylinder engines towards electrification. The Italian automaker is set to launch its first all-electric car in 2025. 

No details have been released regarding the powertrain of the upcoming electric car but for comparison, the hybrid SF90 pairs a 4.0-liter twin-turbo V8 engine with three electric motors to produce a combined output of 986 horsepower. Those electric motors on their own produce 217 hp, making the SF90 pretty quick even when running without its fuel engine.

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