Ferrari Confirms 2025 Date for its First EV

Ferrari Confirms 2025 Date for its First EV

The first Ferrari EV (not pictured) has been confirmed for a 2025 release

­The Italian luxury automaker has confirmed what could easily end up being the world’s most expensive electric vehicle.

Chic, too.

Four years ago, we teased Ferrari’s plans to build an “electric supercar.”

At the time, details we scarce, but Fiat Chrysler CEO Sergio Marchionne said that “If there is an electric supercar to be built, then Ferrari will be the first.”

And at the recent Ferrari general meeting, the company confirmed their unnamed EV’s arrival by 2025, with the chairman and acting chief executive John Elkann saying “You can be sure this will be everything you dream the engineers and designers at Maranello can imagine for such a landmark in our history.”

But that’s not all. The Italian firm claimed that electrification will allow them to produce “even more unique cars,” as Ferrari predicts that fully-electric cars will make up 5% of sales in 2025 and 40% in 2030, with EV and hybrid models making up 80% of Ferrari's sales by 2030.

It’s an ambitious goal, especially for a super-luxury brand whose vehicles start around $219,282.00. An electric model could carry a record-breaking price tag.

And because batteries — and our ability to charge them quickly — are vital to the future of electrification, Ferrari is also investing in high energy density solid state batteries.

Just don’t expect a radical change with the company’s operating culture (which is probably a good thing for those who can actually afford one of these absurdly-priced vehicles).

“The direction is clear," said Kepler Cheuvreux analyst Thomas Besson. "Electrification is required but will not change the DNA of the company and its products."