Ferrari is preparing to add electric vehicles to its lineup starting in 2025, and on Thursday CEO Benedetto Vigna announced a new strategy to outline the company’s plans for the next decade, filled with some details.
The key to the plan was to confirm that Ferrari would launch 15 cars between 2023 and 2026, including the first EV in 2025, the successor to LaFerrari and further additions to the limited edition Icona series. We also learned that the Purosangue, Ferrari’s first SUV, will make its debut in September.
Vigna said Ferrari also aims to be carbon neutral by 2030. Other specific targets mentioned include 60% sales of electrified models by 2026 and 80% by 2030, with 80% equally divided between EV and hybrid.
Teaser 6 of the debut of Ferrari Porsangu in 2022
Ferrari’s first EV is expected to be an SUV, but patent drawing leaks indicate that Ferrari is also planning an electric supercar. As the European Union moves to ban the sale of vehicles with an internal-combustion engine, including hybrids, by 2035, Ferrari has very few options.
Vigna did not reveal specifics about the first EV, but said it would be “unique from a variety of perspectives.”
He further confirmed that Ferrari will build its own electric motors, inverters and batteries and will target industry-leading figures for weight and power density. Ferrari will work with partners in the area and is exploring the potential for solid-state batteries, Vigna confirmed.
Production of these components will also be handled internally at Ferrari, which will require a major expansion of Ferrari’s plant in Maranello, Italy.
Ferrari has allocated about $ 4.6 billion for all these irregular works, most of which will be spent on product development.
The new strategy is the first from Vigna. A veteran in the semiconductor industry, Vigna joined Ferrari last autumn and was tasked with helping the company build its expertise in electrification and connectivity while away from focus on larger engines. He said his experience in the tech industry has already been used for Ferrari’s first EV.