Ferrari has announced when it will launch the first electric car

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Previously, Ferrari estimated that its first fully electric vehicle would be launched after the expiration of its current industrial plan, in 2022. However, analysts estimated that the earliest this model could be launched only after 2023.

Louis Camilleri stressed that Ferrari is “analyzing” a fully electric grand tourer (GT) model, but added that “in the near future” the Italian manufacturer will opt for the development of hybrid vehicles.

“My view is that an electric vehicle will be released by 2025. Battery technology is not yet where it should be. There are still serious problems in terms of autonomy, speed and load. Eventually, we will come up with a model. But it is only after 2025. It is not something short-term, ā€¯Camilleri said at a meeting with journalists at the Ferrari plant in Maranello.

Earlier, President John Elkann also said that Ferrari, the company that sold less than 10,000 cars last year, will not try to overtake German rival Porsche, which produces over 250,000 sports cars and SUVs annually.

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