Ferrari CEO Louis Camilleri was quoted as saying this.
Ferrari does have electrified models on the road and in the works.
We can’t help but think that this is a “never say never” situation. As the auto industry and related technologies evolve, not following trends is a good way to kill a business. Apparently, this won’t apply to Ferrari as they say they have no plans to convert their fleet to all EVs.
This statement came with Ferrari’s 3rd quarter earnings release and was made by Ferrari CEO Louis Camilleri: “But there should be cost savings longer term as battery technologies improve as well. However, my own sense is that, you know, to sort of say 100 percent electric, that’s pushing things. I really don’t see Ferrari ever being at 100 percent EV and certainly not in my lifetime will reach even 50 percent.”
Ferrari is clearly not against the electrification of their products. They launched the LaFerrari hypercar with mild-hybrid tech a few years ago, and last year, introduced their first hybrid, the SF90 Stradale. As well, it’s common knowledge that there are more on the way. Jalopnik jokes that Camilleri, who’s 65, mentions his lifetime as a possible timeline before EVs become the norm at Ferrari…