Ferrari lifts the hood on first EV as it trims broader plan

Ferrari NV offered a glimpse of its first electric car, teasing key performance benchmarks of the Elettrica as it starts to unwrap the model ahead of deliveries in late 2026.

The Elettrica will have four motors, one on each wheel, delivering the equivalent of more than 1,000 horsepower, Ferrari said Thursday at a capital-markets day event in Maranello, Italy. The vehicle will sit low to the ground and reach 100 kilometers per hour (62 mph) in 2.5 seconds, with a top speed of 310 kph.

The unveiling comes as Ferrari tempers its EV ambitions, following the lead of other luxury carmakers that have pulled back from the costly segment after failing to attract customers. Ferrari said Thursday that all-electric models will make up about 20% of its lineup by 2030, halving a goal set in 2022.


The change clears the way to sell more of the higher-margin combustion models that define the brand: the target for combustion powertrains has now doubled to 40%, while hybrids remain 40% of the mix.

Ferrari on Thursday raised its 2025 targets for revenue and adjusted earnings before interest, taxes, depreciation and amortization, and targeted an Ebitda increase of about one third from there by 2030.

Net revenue this year is forecast to equal or exceed ₹7.1 billion ($8.24 billion), up from a prior goal of ₹7 billion or more. Adjusted Ebitda is seen at ₹2.72 billion or above, versus ₹2.68 billion or higher previously.

Looking ahead to 2030, the company sees revenue reaching ₹9 billion with adjusted Ebitda of ₹3.6 billion or more, Ferrrari said.