Exclusive-Ferrari's first electric car to cost over $500,000, source says

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Ferrari News

Electric Car,First Electric Car

Ferrari's first electric car will cost at least 500,000 euros ($535,000), a source familiar with the matter told Reuters, as the luxury automaker prepares...

MILAN - Ferrari's first electric car will cost at least 500,000 euros , a source familiar with the matter told Reuters, as the luxury automaker prepares to open a plant that will make the model - and could boost group production by up to a third.

Ferrari did not respond to a request for comment about the price of its first EV, or its new plant which is due to be inaugurated in its hometown of Maranello, northern Italy, on Friday. However, Ferrari has shown with its Purosangue SUV, launched in 2022, that it can achieve success expanding beyond its traditional two-seat sports cars and grand tourers.

Any rise in output would come with an increase in models, as Ferrari would stick to its policy of keeping output for any model within a certain limit, however successful, the source said. "I expect the new EV to be a niche model, accounting for just over 10% of annual sales," Balloni said, adding the core Ferrari client still preferred petrol models.If you're a car enthusiast who loves driving fast, finding the perfect balance between speed and value can be a daunting task. But the quest for speed doesn't mean you have to own an unattainable...

 

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