Ferrari plans to join the EV revolution starting with plug-in hybrids, with battery-electric cars coming by 2025.
have more low end torque and can sling an automobile toward the horizon with amazing alacrity, most people associate a Ferrari with a fire-breathing internal combustion engine that bellows a syncopated symphony of sounds orchestrated by various camshafts, pistons, and timing chains into a siren song of speed. There are few joys more dear to a gearhead’s heart that the noises that emanate from the multiple exhaust pipes of an exotic supercar.
Nevertheless, even mighty Ferrari, which builds cars for the 1% of the 1% and prices them accordingly, knows it must yield to the changes taking place in the market as the EV revolution sweeps the likes of Lamborghini, Alfa Romeo, Bugatti, and even Rolls Royce along with the tide of innovation.In an investors meeting last week, Ferrari chairman John Elkann said electric and hybrid models should make up 80% of Ferrari’s sales by 2030.
Ferrari expects fully electric cars will make up 5% of sales in 2025 and 40% in 2030. Hybrid models should rise to 55% of sales in 2025 from 20% in 2021, before dropping to 40% in 2030. Vigna said Ferrari would develop its own electric motors, inverters, and battery modules on a new assembly line at its plant in Maranello, Italy, while outsourcing non-core components.
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