Ferrari is an iconic Italian luxury sports car manufacturer that is now ready to make a significant leap into the electric vehicles market. With the announcement of its first fully electric sports car, Ferrari is ready to debut itself. The EV is scheduled for launch in the fourth quarter of 2025. This groundbreaking vehicle will come with a premium price tag of over $500,000 (500,000 euros).
The launch of the charming red Ferrari by the Italian luxury sports car maker in the electric version marks a historic milestone for Ferrari. With it the brand is going for transitions towards an electrified future.
CEO Benedetto Vigna confirmed that the company is ahead of schedule after making substantial progress late last year. The brand’s first fully electric Ferrari represents the brand’s signature performance, design, and luxury, but in a cutting-edge electric technology model.
As the name suggests, Ferrari’s first EV will be positioned as a high-end luxury item. Sources also disclose that the price for this electric sports car will start at around $535,000 (500,000 euros). This pricing places it well above the average luxury EV price of approximately $375,000 (350,000 euros), reaffirming Ferrari’s status in the upper echelon of the automotive market.
In addition to the first EV, Ferrari is already working on a second electric vehicle, sources also told that to Reuters. Although this is still in the early stages of development, this second model is expected to enhance production capacity at Ferrari’s e-building facility. This factory is also set to produce essential components such as electric motors, inverters, and batteries for new EVs and hybrids, while also handling vehicle assembly.
Ferrari’s production output is also set to increase significantly. According to sources after manufacturing fewer than 14,000 vehicles last year, the company aims to boost output to approximately 20,000 units. This development is part of Ferrari’s broader strategy to electrify its lineup and meet growing demand for luxury electric vehicles.
Ferrari’s journey towards electrification started with the launch of its first electric series production plug-in hybrid (PHEV) , the SF90 Stradale, last year. The coming model is a precursor of Ferrari’s fully electric vehicle aim. Ferrari aims that 60% of its sales to be fully EVs or hybrids, by 2026 that reflects the brand’s significant shift in its product lineup towards sustainable mobility.
Ferrari enters into the electric market when rival luxury automakers are also embracing electrification. Lamborghini also officially revealed its first fully electric car- the Lanzador EV, last August. Also the sleek 2+2 electric GT is expected to hit the market in 2028, alongside the launch of the Huracan and Urus PHEVs this year.
Ferrari is ready to redefine its legacy for the electric age, with the launch of its upcoming first fully electric sports car, The high price point of over $500,000 underscores the exclusivity and luxury associated with the Ferrari brand. As the company accelerates its electrification efforts, the automotive world eagerly awaits the debut of Ferrari’s first EV and the subsequent evolution of its iconic lineup.
For those looking to experience the epitome of electric performance and luxury, Ferrari’s new EV is promising. It will offer an unparalleled driving experience, marking a new era for the legendary marque.
