Ferrari’s​ Electric Future: ‘Elettrica’ Unveiled with €500,000 Price Tag

Maranello, Italy – Ferrari has ​officially entered the electric vehicle (EV) market with ⁣the ⁢debut of the ‘Elettrica,’ a ⁤four-seater grand tourer expected to retail ⁣for approximately half a ⁢million euros. The declaration, made by Ferrari CEO Benedetto Vigna at the⁣ company’s Maranello factory, signals a cautious ⁤yet intentional step towards⁢ electrification.

Image: Placeholder – Official images ⁤of⁤ the Ferrari Elettrica will be added upon release.

A Complement, Not a Replacement

Vigna emphasized that the Elettrica is ‌intended as⁤ an addition to Ferrari’s existing lineup, rather than a complete transition to ⁢electric power. “The elettrica is an addition to the range, and not a transition to electric⁢ cars,” he stated, ‌acknowledging⁢ the continued demand for the brand’s iconic combustion engine vehicles. Currently, nearly half of all Ferraris ‌sold incorporate hybrid technology, but a⁤ full shift ‌to​ all-electric models remains a future consideration.

revised EV Targets and Market Realities

Ferrari initially aimed⁣ for fully⁣ electric vehicles to comprise 40% of its total sales‌ by 2030. However, the‌ company has now revised⁣ this target to around 20%. This adjustment reflects a broader trend within the luxury automotive sector, where demand for EVs has proven less robust than initially anticipated. Several other ‌high-end manufacturers ‍have already scaled back⁢ their​ electric vehicle initiatives in response to market conditions.

Strong Financial Outlook Despite Stock‌ Dip

Alongside the Elettrica‌ announcement, Ferrari revealed an optimistic⁣ outlook for its financial performance this year. The company has increased‌ its projected turnover from €7 billion to €7.1 billion. ‌ Adjusted profit, before interest and taxes, is now estimated to be €40 million higher than previously forecast.‌

Despite the positive financial news, ⁢Ferrari shares experienced a critically important decline​ on the Milan stock exchange,⁢ dropping over 15% around ⁢1:30 PM local ⁢time today.‌ The reasons for this market reaction⁢ are currently under analysis, but likely reflect investor concerns regarding the ⁣slower-than-expected pace of Ferrari’s full electrification.

Elettrica Specifications

While full technical‍ details⁢ are still forthcoming, Ferrari has confirmed the Elettrica will offer a driving range of approximately 530 kilometers (329 miles) on a‍ single charge. The four-seater configuration positions the Elettrica as a grand tourer designed for both performance and comfort.