Ferrari, which has said that it will continue to make International Combustion Engine (ICE) vehicles as long as it is legally possible, has now thrown in the towel and joined the Electric Vehicle (EV) bandwagon.
The storied Italian marque has confirmed that deliveries of its debut EV will commence in the fall of 2026, according to a news agency. That will be the final part of a three-step process that will begin later this year.
The announcement was made by Ferrari CEO Benedetto Vigna during the company’s first-quarter earnings call last Tuesday. The executive revealed that the vehicle’s “technological heart”—presumably its electric powertrain and battery—will be revealed on October 9, 2025, to coincide with the company’s capital markets day. The EV, which may be a car or an SUV, is expected to make its world premiere next spring, before deliveries begin that fall.
“Deliveries will commence just months after that, in October 2026,” Vigna is said to have told analysts after the call.
A Ferrari EV has been on the way for a while now, but this marks the first time that the company has gone on the record to provide an official timetable for its all-EV debut.
The newswire reports that there is a belief that the project has experienced some sort of delays, as there was an expectation that the battery-powered model, and not just its powertrain, would be unveiled this fall.
Earlier this decade, automakers, both big and small, announced ambitious electrification strategies. Several of those companies, including Aston Martin and Mercedes-Benz, have since backed off from those pledges after finding out their customers were not as keen to go electric as initially anticipated. Of course, the Ferrari, the most storied ICE sports car maker there is, has no intention of going all-electric for good. It has been clear that it will continue to sell gas- and hybrid-powered models, even after its EV debuts.
While the company warns that Donald Trump’s automotive tariffs may cut into its 2025 profit margins, it has yet to feel the need to adjust its earnings forecast of US$ 3.04 billion for the year (the company has said it will raise the price of some models to offset the taxes). The company’s first-quarter financial results show a 15 percent rise in core earnings and a 13 percent increase in revenue year-over-year. Incidentally, most of Ferrari’s competitors have electrified or PHEV cars in their line-ups. (Robb Report)
