- Not long ago, Ferrari hinted that their first EV was coming in 2022.
- The reason for the “delay” is that Ferrari technology is not yet advanced enough.
- When it does come, it will be part of Ferrari’s GT cars.
In brief, Chief Executive Louis Camilleri said that battery technology still requires more development before, we assume, it will be worthy of Ferrari’s exceptionally high standards. In the not so distant past, Ferrari had thrown 2022 as the first year for a fully-electric Ferrari. At the time, industry analysts had guessed 2023.
Camilleri added: “There are still significant issues in terms of autonomy, in terms of speed of recharging. So eventually we will come out with one. But it’s post-2025. Not in the short term.”
If we take a moment to speculate on what’s going on, we think that “batteries needing more development” is nothing more than an excuse to see where the competition will be going. The stakes are high for supercar makers as going fully electric, in a way, levels the playing field.
So, it is possible that they want to wait for better tech if mostly because they do not want to up-staged by Lamborghini, Pagani, or another limited-production car only months after Maranello launches a new car. Meanwhile, Porsche, Audi, and other stronger-volume OEMs think that current tech is fine at the moment. We think this could hurt Ferrari with brands like Lotus, Pininfarina, Rimac, and even Tesla introducing limited-series hyper-EVs. Ferraris will always sell but it seems like a risk to us…
In the interim, Ferrari will stick to hybrid technology to fill the electrification gap.