Ferrari looks to shake up the market with its first all-electric vehicle, which will launch later this year. Ferrari confirmed plans to launch its first EV in October as one of six new vehicles debuting in 2025. Ahead of its official debut, the new electric car was spotted testing out in public. Check out a sneak peek of it below.
Ferrari confirms plans to launch its first EV in 2025
Although the company has kept most of the details to itself, we are finally learning when we can expect to see Ferrari’s first EV.
We knew it was likely coming this year, but now it’s official. After releasing 2024 earnings, Ferrari confirmed on Wednesday it will launch six new vehicles in 2025, including its first EV.
Ferrari will unveil the electric car during its Capital Markets Day on October 9. According to CEO Benedetto Vigna, the Ferrari “elettrica” will be launched “in a unique way. “
Vigna previously said, “People buy a Ferrari because when they buy a Ferrari, they have a lot of fun,” and the brand’s first EV will be no different. The electric car has taken longer than most hoped for, but Vigna promises it will be built “the right way,” as a Ferrari should be.
The EV model will still feature the (emulated) sounds and signature design Ferrari has built its legacy but in all-electric form.
Sources told Reuters report last year that Ferrari’s first electric car will cost at least 500,000 euros, or around $535,000. However, Vigna later said the report was “a surprise” and didn’t confirm or deny prices. The company’s CEO explained that Ferrari defines the price of a car about a month before launching it, so expect more around September.
With models out for testing, Ferrari’s first EV has already been spotted out in public. Last month, a video from Varryx gave us our closest look at the electric crossover yet.
You can see the electric car is finally coming together with new headlights and other design features like body panels. As the EV passes by, you can hear exhaust-like sounds, hinting at a sound system like Dodge’s electric Charger muscle car.
Ferrari opened its new e-building last June, where its first EV will be built. The facility will also produce e-motors, batteries, and inverters for upcoming EV and PHEV models.
By the end of next year, Ferrari aims for 60% of sales to be EV or PHEV models. In 2024, Ferrari’s shipments consisted of 51% hybrid and 49% internal combustion engine vehicles.