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Ferrari Is Already Preparing To Build Electric Cars

Jun. 12, 2022 2:48 PM ET by Jared Rosenholtz Electric Vehicles / 5 Comments Some said it would never happen. If vehicles like the Ferrari SF90 Stradale and Ferrari 296 GTB are precursors of what's to come, electrification won't diminish the Prancing Horse's appeal. In fact, Ferrari is having no trouble selling its hand-crafted supercars, reaching a company record of 11,155 vehicles sold in 2021. With sales showing no signs of slowing down, Ferrari is reportedly investing heavily into production facilities, according to an Automotive News report. The report cites sources familiar with the investment, which involves an expansion at Ferrari's Maranello plant in Italy. This expansion includes a third production line specifically for electrified vehicles and a battery R&D facility. Ferrari will supposedly share its new electrification strategy next week on June 16 during a capital markets day. Ferrari Ferrari Ferrari Ferrari CEO Benedetto Vigna, who was appointed last year, will present the strategy and lay out the company's plans for the next four years. Vigna was brought in to usher Ferrari through its most significant change in decades, shifting away from 12-cylinder engines towards electrification. Ferrari recently stopped taking orders on its V12-powered 812 model and the V8-powered F8 Tributo, signaling this pivot. The Italian automaker will launch its first all-electric car in 2025, though it has a lot of work to do between now and then to catch up with more well-established EV makers. Ferrari Ferrari No details are currently known about the upcoming Ferrari EV, but SF90 and 296 show what the company is capable of with electrified powertrains. The SF90 pairs a 4.0-liter twin-turbo V8 engine with three electric motors, combining to produce over 986 horsepower. Those electric motors on their own produce 217 hp, making the SF90 pretty quick even when running without its engine. As for the 296, it uses a 3.0-liter twin-turbocharged V6 also paired with electric motors, combining for 818 hp. Despite their immense power, Ferrari's hybrid cars are no match for the all-electric Rimac Nevera in a drag race. In order to bridge the performance gap, Ferrari will need its own EV. Ferrari Ferrari Ferrari Source Credits: Automotive News

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Ferrari SF90 Stradale Ferrari 296 GTB Jared Rosenholtz Editor-at-Large After graduating with an MBA, Jared pursued his love of cars by becoming an automotive journalist. An internship with CarBuzz grew into his current position as Editor At Large. Jared now spends most of his time evaluating new vehicles and chasing the latest news stories in the automotive industry. When he’s not attending Cars & Coffee events on the weekend, Jared loves to watch NFL football and cruise around with the top down in his German convertible. Contact Jared @Carsnbites @jar_rosenholtz LoginSign Up Home News Features Car Reviews Car Advice 2021 CarBuzz Awards New Cars Used Cars Future Cars Compare Cars Sell My Car Car Dealerships Buy Here Pay Here Used Car Reviews Popular Tags Cars # Video # TOP # Spy Shots # Reveal # Rumor # Auto Show # Supercar # Tuning # Car Culture # Industry News # Motorsport Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Make Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Car Type SUVs Crossovers Sedans Coupes Trucks Sports Cars Wagons Vans Hatchbacks Convertibles Small Cars Luxury Cars Electric Cars Hybrid Cars Future Cars By Price Up to $15K $15K - $25K $25K - $35K $35K - $45K $45K - $55K $55K - $75K $75K - $100K $100K - $200K $200K - $300K Above $300K Back To Top