The growth trend in the automotive industry is moving rapidly towards a purely electric vehicle market. As of today, many brands of regular gasoline cars are already manufacturing electric cars. Some of these brands also make hybrid cars. However, it is only a matter of time before luxury car brands start building a large number of luxury electric cars. ONEAccording to Bloomberg, the Italian car industry, Ferrari has accelerated the rate of discharge from the internal combustion engine. The company will launch its first all-electric model in 2025 and will achieve carbon neutrality by 2030.
Ferrari held a capital market day today and told investors that the company expects adjusted earnings before taxes, interest and depreciation in 2026 to rise from 1.5 billion euros last year to 2.7 billion euros.
The Ferrari electric car will have the highest power density
The CEO of Ferrari said that the company’s purely electric cars will have the highest power density, which comes from the experience of Formula 1. the The company will design and build its own electric motors, converters and battery units for the new electric models. The company expects all-electric models to account for 5% of sales in 2025 and 40% in 2030. Hybrid models will account for 55% of sales in 2025 and 40% in 2030. Ferrari CEO also states that 15 new models will be released between 2023 and 2026. The new Purosangue SUV will not yet be the company’s most valuable product, but will be an “interesting” addition to its lineup.
CEO Benedetto Vigna told investors.
“I believe in ICE [internal combustion engine] “On the one hand, we have to deal with emissions regulations, but most importantly, we see electrification as a way, as a technology, that can improve the performance of what we do.”
Ferrari also said it would expand its plant in Maranello to build electric cars and design batteries, confirming previous media reports. As a manufacturer of luxury sports cars, we expect the purely electric car to be also a luxury sports car. As of today, the cheapest electric car on the market is around $ 20,000. However, the cheapest Ferrari car is about ten times that amount, about $ 200,000. Obviously, the purely electric Ferarri car will be much more expensive than $ 200,000.